U S budget deficit narrows to 1 775 trillion dollars in fiscal 2025 on tariff revenue and education скачать в хорошем качестве

U S budget deficit narrows to 1 775 trillion dollars in fiscal 2025 on tariff revenue and education

U.S. budget deficit narrows to 1.775 trillion dollars in fiscal 2025 on tariff revenue and education cuts The U.S. budget deficit fell by 41 billion dollars to 1.775 trillion dollars in fiscal year 2025, the Treasury Department said Thursday. Higher customs receipts tied to new tariffs helped offset increased spending on health programs, retirement benefits, and interest on the debt. Education outlays declined following legislated cuts, contributing to a monthly surplus in September. It was the first annual deficit decline since 2022, when pandemic relief rolled off. Even so, the deficit remains historically large as borrowing costs and entitlement spending rise. Corporate tax collections were lower year over year, reflecting policy changes on expensing and research deductions. Officials estimated the deficit to GDP ratio at 5.9 percent for the year. Monthly figures showed receipts up modestly and outlays down sharply in September. Seasonal patterns and policy shifts can magnify year end swings, so analysts urged caution in extrapolating trends. Looking ahead, the path of tariffs, growth, and interest rates will drive the fiscal picture. A government shutdown has delayed some data releases, complicating near term analysis. Congressional debates over spending and revenue are expected to intensify as lawmakers confront trade offs between investment, social programs, and debt sustainability. Source: Reuters.