According to TechFlow news on May 13, citing Jin10 data, the latest figures from the U.S. Treasury Department show that the federal government had a budget surplus of $258 billion in April, the second largest surplus on record, increasing by 23% year-on-year. The surplus is mainly attributed to strong tax revenue during the tax season and record import tariff income. The total tariffs in April reached $16 billion, an increase of about $9 billion compared to the same period last year, far exceeding the historical record of $9.6 billion two years ago, contributing more than $500 million on average per day to the U.S. Treasury. Meanwhile, debt interest payments exceeded $100 billion for the second consecutive month. Although China and the U.S. have reached an agreement to drop tariffs by 115% within 90 days, the budget deficit for the first seven months of fiscal year 2025 still stood at $1.049 trillion, an increase of 23% year-on-year.
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According to TechFlow news on May 13, citing Jin10 data, the latest figures from the U.S. Treasury Department show that the federal government had a budget surplus of $258 billion in April, the second largest surplus on record, increasing by 23% year-on-year. The surplus is mainly attributed to strong tax revenue during the tax season and record import tariff income. The total tariffs in April reached $16 billion, an increase of about $9 billion compared to the same period last year, far exceeding the historical record of $9.6 billion two years ago, contributing more than $500 million on average per day to the U.S. Treasury. Meanwhile, debt interest payments exceeded $100 billion for the second consecutive month. Although China and the U.S. have reached an agreement to drop tariffs by 115% within 90 days, the budget deficit for the first seven months of fiscal year 2025 still stood at $1.049 trillion, an increase of 23% year-on-year.