According to data released by the US Treasury on the 20th, the federal government's fiscal deficit reached nearly $1.7 trillion in the 2023 fiscal year ending on September 30th, a 23% increase from the previous fiscal year. Data shows that the US fiscal revenue for fiscal year 2023 is approximately $4.4 trillion, a decrease of approximately $457 billion compared to the previous fiscal year; The fiscal expenditure is approximately $6.1 trillion, a decrease of approximately $137 billion compared to the previous fiscal year. The top ranked items in fiscal expenditure are social security, health, federal healthcare insurance, and defense. The data of the Ministry of Finance also shows that the net interest expenditure in fiscal year 2023 is about 659 billion dollars, accounting for more than 10% of the annual fiscal expenditure, which indicates that the cost of debt financing in the United States has significantly increased against the background of the sharp rise in interest rates caused by the Federal Reserve's interest rate hike. The US Federal Budget Accountability Committee has previously issued a statement stating that rising interest costs pose an increasing risk and are becoming increasingly difficult to ignore. The 2023 fiscal year deficit has exacerbated the already high debt of the United States. The size of the US federal government debt has exceeded $33 trillion in mid September.