Federal budget deficit expanded in early 2025

Federal government budget deficit According to recent data, more than $ 300 billion has increased in the first five months of the financial year.

The latest monthly statement of the Treasury of the Ministry of Finance showed that the monthly deficit in February amounted to $ 307 billion – compared to $ 128 billion in January. This figure is also about $ 10.7 billion higher than in February 2024.

Ever since the financial year of 2025, the federal budget deficit was 1.146 trillion. Dollars, according to the Treasury. Compared to the first five months of the 2024 financial year, the budget deficit this year tracks more than $ 318 billion.

The non -party budget on Congress (CBO) has published an analysis that violated changes to Federal costs And the tax revenues that found that the first far exceeded the second.

New budget forecasts show us that we have recorded debt for 4 years: CBO

Federal budget deficit for $ 300 billion is greater than the first five months of 2025 than in the previous year. (Saul Loeb / AFP via / Getty Images)

Federal costs in the first five months of the financial year 2025 were 13% higher than in the previous year, and tax revenues were 2% higher. Costs increased by $ 356 billion during this period compared to a year ago, with a significant increase in several categories.

In the first five months of the 2025 financial year, the cost of collective $ 73 billion, or 6%, increased in the three largest compulsory costs.

Social Security Costs increased by $ 38 billion due to higher life adjustment (COLA) and the number of beneficiaries. Medicare costs have increased by $ 20 billion with the increase in enlargement and payment, while Medicaid costs have increased by $ 15 b -dollars from a snack.

The Hedge Fund manager warns about the “economic heart attack” for the US economy

Social security and other compulsory expenses have increased 6% over the last five months compared to a year ago. (Photo illustrations Kevin Dietsch / Getty Images)

Costs related to the payment of pure interest on government debt increased by $ 44 billion, or 12%, since the debt exceeds a year ago.

Ministry of Defense Costs increased by $ 27 billion, or by 8%, most increased operations, maintenance and procurement.

Expenses for certain tax credits have increased by $ 26 billion, or 29%that CBO attributed primarily with increasing the medical insurance markets in accordance Act of Available CareAlso known as Obamacare.

Elon Musi considers

At the end of 2024, the EPA paid $ 20 billion grants, which increased its costs compared to a year ago. (J. David Ake / Getty Images)

Environmental Protection Agency (EPA) has increased its $ 22 billion costs, most of which are related to the cost of November and December, when the agency paid $ 20 billion grants under the program established by the Biden Administration in 2022. Grants are designed for net technology and energy efficiency projects in unhappy communities, as well as solar projects in low income communities.

Costs on Department of Veterans Affairs (VA) rose by $ 22 billion, or 16%because more people used veterans’ benefits and beneficiaries.

Internal security expenses increased by $ 16 billion, or 45%, from its reaction to Hurricane Henlen and Milton.

Get the Fox Business on the go by clicking here

By income, all tax receipts In the first five months of 2025, it increased by $ 37 billion, or 2%.

As of January 2025, CBO predicted that the federal government would be 1.9 trillion. Dollars in the financial year of 2025 is the same amount as the financial year deficit.