Treasury publications an unexpected surplus in June, with increased customs tariff receipts

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The scene shows a bronze seal next to a door in the US Treasury building in Washington, the United States, January 20, 2023.

Kevin Lamark Reuters

The Treasury said on Friday that the United States government deployed a surplus in June, when the customs tariff gave an additional stumbling block for a sharp increase in receipts.

With the swelling of the government red ink throughout the year, last month witnessed a slight surplus of $ 27 billion, after a failure of $ 316 billion in May.

This raised the general financial deficit to $ 1.34 trillion, an increase of 5 % over last year. However, with the evaluation modification, the deficit actually decreased by 1 %. There are three months remaining in the current fiscal year, which ends on September 30.

A 13 % increase helped in receipts from the same month a year ago to bridge the gap, with its expenses decreased by 7 %. For this year, receipts increased by 7 % while spending increased by 6 %.

The government published the last time surplus in June 2017, during the president Donald TrumpThe first chapter.

Increased customs tariff groups helps the government financial beach beach.

Total customs duties reached about 27 billion dollars for this month, an increase of 23 billion dollars in May and 301 % of June 2024. On an annual basis, total customs tariff groups amounted to $ 113 billion, or 86 % more than a year.

Trump imposed 10 % consecutive definitions on imports in April as well as other selected duties. He also announced a list of the so -called mutual definitions on various American trade partners and has been in negotiations since then.

The Treasury noted that the month benefited from the evaluation adjustments, without which the deficit was $ 70 billion.

The highly high treasury returns are a challenge to federal financing.

The total net interest on the national debt of $ 36 trillion was $ 84 billion in June, a slight decrease from May, but is still higher than any other category except for social security. For this year, net interest – what the treasury pays on the debts issued by what it earns in investments – is 749 billion dollars. Total interest payments are expected for $ 1.2 trillion for the full fiscal year.

Trump has pushed the Federal Reserve to reduce short -term rates to help in the burden of financing federal debt. But the markets do not expect the central bank to reduce again until September, and to feed a chair Jerome Powell He said he was still cautious about the potential impact of definitions on inflation.

It is expected that the “Great Great” draft of the “Great” spending, which made its way through Congress earlier this month, will add about 3.4 trillion dollars for national debt over the next decade, according to the expectations of the non -partisan Congress budget office.

Clarification: This story has been updated to clarify the current deficit characters.

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