Impact of the US Primary Budget Deficit Explained

BREAKING: The US government is now running a primary budget deficit of -3.59% of GDP, the largest among major advanced economies.

The primary budget deficit EXCLUDES the $1.1+ trillion in interest payments on existing government debt.

This is followed by the UK at -3.51% of the… pic.twitter.com/8gMuipdwzm

— The Kobeissi Letter (@KobeissiLetter) August 29, 2026