InvestmentsTop Global NewsMarketsReal Estate US budget deficit soars to almost US$1 trillion, highest since 2012 By financialnews_rlv83x - October 25, 2019 0 124 The U.S. government ended fiscal year 2019 with the largest budget deficit in seven years as gains in tax receipts were offset by higher spending and growing debt service payments, the Treasury department said on Friday.