Federal budget deficit widens at the start of 2025

Federal Government Budget deficit In the first five months of the 2025 financial year, $ 300 billion has increased by $ 300 billion.

The recent monthly treasury statement of the Treasury Department showed that the monthly deficit of February was $ 307 billion, from $ 128 billion in January. This figure is also about $ 10.7 billion than February 2024.

Since 2000, 2025 started on October 1, the federal budget deficit was a new record worth $ 1,146, according to treasury. Compared to the first five months of 2024 fiscal year, this year’s budget deficit follows more than $ 318 billion.

NORCARTISAN Congress Budget Office (CBO) issued analysis that violated the changes Federal expenses And tax revenues that found out that the former exceeds the latter.

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In the first five months of FY2025, the federal budget deficit is more than $ 300 billion than in the first year last year. (Saul Loeb / AFP via Via / Getty Images)

Festeral costs in the first five months of the fiscal year 2025 compared to the previous year by 13%, while tax revenues amounted to 2%. During the period, expenditures increased by $ 356 billion, when a few years ago, with a remarkable increase in several categories.

The three largest compulsory spending plans saw that their expenses were climbed at a collective 73 billion dollars or 6% in 2025 in the first five months of the financial year.

Social security Expenditures amounted to $ 38 billion due to higher livelihood adjustment (Cola) and Beneficiaries. Medicare’s costs amounted to $ 20 billion due to enlarging and increasing payment rate, while Medicaid costs increased by $ 15 billion due to one coverage.

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Social security and other mandatory expenses are visible by 6% collective 6% collective in the last five months. (Photo illustration Kevin Dietsch / Getty Images)

Expenditures on pure interest on national debt increased by $ 44 billion, and 12%, as the debt is greater than a year ago.

Ministry of Defense The cost amounted to $ 27 billion, or by 8%, with increasing increases, maintenance and purchases.

Expenditures of certain returned tax loans increased by $ 26 billion or 29%, which CBO first of all attributes the growth of enrolling in health insurance markets Affordable Care LawIt is also known as Obamacare.

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EPA paid a $ 20 billion grant at the end of 2024, which stimulated its expenses a year ago. (J. DAVID AKE / GETTY Images)

The Environmental Agency (EPA) raised its expenses for $ 22 billion, most of which are attributed to November and December, as the agency paid $ 20 billion grants through the program set by the 2022 reconciliation bill of the BAD administration. The grants are designed in insecure communities in pure technology and energy efficiency projects, as well as low-income communities of solar projects.

Spends Department of Veterans Case (VA) rose $ 22 billion or 16%, as more people use the benefits and costs of veterans to one beneficiary.

Homeland security expenses increased by $ 16 billion or 45% because of its answers Hurricane Helen and MiltonA number

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On the side of the income, total Tax receipts In the first five months of the 2025 financial year, $ 37 billion or 2% increased.

As of January 2025, CBO predicted that the federal government would hold a $ 1.9 trillion deficit in 2025, the same amount as the deficit of 2024 financial year.