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Federal government Budget It grew at more than $ 300 billion in the first five months of the fiscal year 2025, according to the latest data.
The latest statement of the monthly Treasury showed that the monthly deficit in February is 307 billion dollars – an increase of $ 128 billion in January. This number is also about $ 10.7 billion, which was in February 2024.
Since the fiscal year 2025 began on October 1, the federal budget deficit reached a new record of $ 1.146 trillion, according to treasury data. Compared to the first five months of the fiscal year 2024, this year’s budget deficit tracks more than 318 billion dollars.
CBO budget budget office (CBO) has released an analysis of breaking changes in Federal spending And tax revenues, which found that the previous one surpassed the latter.
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The federal budget deficit is more than $ 300 billion in the first five months of the 2015 fiscal year than it was in the previous year. (Saul Lub / AFP via / Getty Images)
Federal spending was in the first five months of the fiscal year 2025 by 13 % higher than the previous year, while tax receipts were 2 % higher. The spending increased by $ 356 billion in that period compared to last year, with noticeable increases in several categories.
The three largest compulsory spending programs witnessed an increase in its spending by $ 73 billion, or 6 %, in the first five months of the fiscal year 2025.
Social Security The spending rose 38 billion dollars due to the high cost of living (Cola) and the high number of beneficiaries. The spending on medical welfare increased 20 billion dollars due to the increase in enrollment and payment rates, while the spending concerned increased 15 billion dollars due to the high costs per registrar.
Social security and other compulsory spending programs have witnessed a 6 % increase in the past five months compared to last year. (Explanation of the image by Kevin Lietsch / Getty Images)
The expenses related to paying net interest on the national debt increased by $ 44 billion, or 12 %, because the debt is greater than it was a year ago.
Ministry of Defense The spending rose 27 billion dollars, or 8 %, with most increases due to operations, maintenance and purchases.
Expenditures for some recovered tax credits increased by $ 26 billion, or 29 %, which were attributed to CBO in the first place to an increase in registration in health insurance markets according to The law of welfare at reasonable pricesAlso known as Obama.
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The Environmental Protection Agency paid $ 20 billion as grants in late 2024, which strengthened its spending for a year. (J. David Ake / Getty Images)
The Environmental Protection Agency (EPA) increased its spending by 22 billion dollars, as the majority of that attributed to spending in November and December, when the agency paid $ 20 billion in grants under a program established by the 2022 reconciliation bill for Biden. Grants are intended for clean technologies and energy efficiency projects in disadvantaged societies, as well as solar projects in low -income societies.
Spending Old Warrior Affairs Department VA increased by $ 22 billion, or 16 %, because more people used the benefits of old warriors and spending for each beneficiary.
The internal security spending increased by $ 16 billion, or 45 %, due to its response to Hurricane Helen and Milton.
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On the side of revenues, the total Tax receipts 37 billion dollars, or 2 %, rose in the first five months of the fiscal year 2025.
As of January 2025, the federal government is expected to manage a deficit of $ 1.9 trillion in the fiscal year 2025 – the same amount of the fiscal year deficit 2024.
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