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Federal government budget deficit It increased by more than $ 300 billion in the first five months of the Fiscal year in 2025, according to the latest data.
The last monthly statement from the Ministry of Treasury showed that the monthly deficit of February was $ 307 billion – compared to $ 128 billion in January. This figure is also around $ 10.7 billion higher than in February 2024.
Ever since the fiscal year 2025 began on October 1, the Federal Budget Deficit has been a new record of $ 1,146 trillion, according to the cash register. Compared to the first five months of the Fiscal year 2024, this year’s budget deficit is accompanied by more than $ 318 billion higher.
Non -partisan Congress Budget Office (CBO) published an analysis that broke changes in federal consumption and tax revenue, which revealed that the first surpassed the second.
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The federal budget deficit is more than $ 300 billion in excess of the first five months FY2025 than was the case in the previous year. (Saul Loeb / AFP Via / Getty Images)
Federal consumption in the first five months of the fiscal year 2025. It was 13% higher than the previous year, while the tax receipts were 2% higher. Consumption increased by $ 356 billion during this period compared to a year ago, with a significant increase in several categories.
The three largest compulsory consumption programs recorded an increase in consumption for collective $ 73 billion, or $ 6%, in the first five months of the fiscal year 2025.
Social security Consumption has increased by $ 38 billion due to higher adaptation of living costs (COLA) and an increase in user number. Medicare consumption has increased by $ 20 billion due to the increased enrollment and payment rate, while Medicaid consumption has increased $ 15 billion due to increased costs per enrollment.
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Social insurance and other compulsory spending programs have noted that costs have increased for collective 6% in the last five months compared with a year ago. (Illustration of Kevin Dietsch / Getty Images Photos)
The costs associated with the payment of net interest on state debt increased by $ 44 billion, or $ 12%, because the debt is higher than it was a year ago.
Ministry of Defense Consumption has increased by $ 27 billion, or $ 8%, with a majority increase due to business, maintenance and procurement.
Costs for certain return tax breaks have increased by $ 26 billion, or $ 29%, which CBO attributed primarily to increased enrollments on health insurance markets in the box Affordable Care Actalso known as Obamacare.
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EPA paid $ 20 billion at the end of 2024, which increased consumption over a year ago. (J. David Ake / Getty Images)
The Environmental Protection Agency (EPA) has increased its consumption by $ 22 billion, most of which attributed consumption in November and December, as the Agency paid $ 20 billion in grants within the program that determined the proposal for the Biden 2022 Administration Act. Projects in low revenue communities.
Spend on Veterans’ Department (Va) has increased by $ 22 billion, or 16%, as more people have used benefits and consumption of veterans per user.
Consumption for Homeland Security has increased by $ 16 billion, or 45%due to response to Hurricane Helena and Milton.
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On the side of revenue, total Tax receipts They increased for $ 37 billion, or 2%, in the first five months of the fiscal year 2025.
Since January 2025. CBO has predicted that the Federal Government in the Fiscal Year will have a $ 1.9 trillion deficit in the Fiscal year – the same amount as the Fiscal Year Deficit 2024.
