AI Data Insight
The year-over-year (YoY) growth rate of the latest US fiscal deficit (2026-06-01, Q2 2026) skyrocketed from the previous value of -7.29% to 545.41%, with a single-month deficit reaching $120 billion. This staggering increase is mainly driven by the dual impact of a low base period last year and nearly $50 billion in unconstitutional tariff refunds, causing net customs revenues to turn negative. As national debt interest and social welfare expenditures climb, the market estimates that the full-year deficit could approach $2 trillion, adding concerns to subsequent bond issuance and inflation.