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.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)