The US budget deficit is $ 316 billion in May, from a year before annual deficiency

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The US Treasury Building Department is seen in Washington, DC, January 19, 2023.

Saul Loeb | AFP | Getty pictures

The US government was dragged to red ink in May, the issue of growing debt and deficit was worse.

Thanks to the tax season revenues, after a short-term surplus in April, the deficit reached a total of $ 316 billion for the month, only $ 1.36 billion.

The annual tally was 14% more than a year ago, although it was 9% less than May 2025 in May 2025.

The cost of financing costs has been made a great contribution to financial issues, $ 36.2 trillion debt, $ 92 billion in debt. Except for Medicare and Social Security, the interest expenses in the net exceeded all other expenses. Debt financing is expected to be $ 776 billion in $ 1.2 trillion for this fiscal year, in the first eight months of the fiscal year.

Tax revenues have not had a problem. Receipts increased by 15% in May and increased by 6% a year ago. Expenses increased by 2% per month and increased by 8% one year.

Tariff collections also helped prevent some shortcomings. The total customs duties in the month are $ 23 billion, and a year before the same month. During the year, $ 86 billion in total tariff collections and 59% in 2024 in 2024.

However, after leaving the last summer until September until September, the President Donald Trump rejected the Federal Reserve to reduce the federal reserve rate and rose again after the “Freedom Day” tariff announcement. The 10-year treasury product is about 4.4% unchanged a year ago a year ago.

In recent weeks, including Wall Street leaders JPMORGAN CHASE CEO Jamie Dimon, Broncroc CEO Larry Fink and Bridgewater Associates’ Ray Dalio warned about the confusion that could come from a heavy debt burden. Flawlessly, currently in the US peacekeeping economy, continues to be almost 6% of the unopened gross domestic product.

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