The federal budget deficit is $ 109 billion despite the flow of customs tariffs

The annual of the US federal government Budget It has expanded 109 billion dollars so far in this fiscal year despite the flow of customs tariff revenues to government treasures.

On Friday, the non -party Congress budget office (CBO) released its monthly budget update, which found that the Federal Budget deficit amounted to $ 1.6 trillion in the first ten months of the fiscal year 2025. This number is higher 109 billion dollars than it was in the same period in the 2014 fiscal year.

In general, federal tax receipts increased 263 billion dollars, or 6 %, while spending outperformed this profit, rising by $ 372 billion, or 7 %, in the first ten months of the 2015 fiscal year.

The motivation was behind the high federal tax revenues Trump administration tariffAnd it is taxes on imported goods that the White House has increased significantly on American trading partners throughout this year.

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The Central Bank of Oman said that the customs duties that were collected increased by $ 70 billion, or 112 %, so far in the 2015 fiscal year compared to the same period in the previous year as a result of the high tariffs.

individual Income and salary tax receipts 214 billion dollars, or 6 %, rose from last year in the first ten months of this fiscal year.

Corporate income taxes 27 billion dollars, or 7 %, decreased, compared to the same period of 10 months in the 2014 fiscal year.

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Federal spending It rises 372 billion dollars in the first ten months of the 2015 fiscal year compared to last year, most of which are due to the rise in expenses in mandatory spending programs.

Spending Social Security The benefits increased by $ 102 billion, or 8 %, from the same period last year.

This increase was due to the high average benefits due to the annual cost modification (Cola) that enhance the amount of benefits An inflation account The increasing number of registered beneficiaries with the progress of America’s progress.

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Medical care spending It is 58 billion dollars in the 2015 fiscal year until now compared to last year due to the largest number of registrants and high payment rates for services. Medicaid spending 47 billion dollars increased from last year due to the high costs of each registrar.

The cost of national debt service, which is worth about 37 trillion dollars, increased by $ 60 billion, or 8 %, in the first ten months of the fiscal year 2025 compared to the previous year. This is because of National debt Being larger than in the same period in the 2014 fiscal year.

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For the month of July, the deficit amounted to $ 289 billion, $ 45 billion, more than July 2024, with spending increased by more than one height of tax groups.

The Omani Central Bank also noted that the surplus in June 2025 was 27 billion dollars, or a billion dollars higher than the initial estimate a month ago.