Federal budget deficit widens at the start of 2025

The deficit in the federal government budget has grown 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.

The Non -Partial congress Budget Office (CBO) issued an analysis that led to a decrease in changes in federal revenues for spending and taxes, which found that the former had outperformed 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 spending increased by $ 38 billion 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.

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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.

The spending on the Ministry of Defense increased 27 billion dollars, or 8 %, with most increases due to operations, maintenance and purchases.

Expenditures for some recovered tax credits increased by 26 billion dollars, or 29 %, which were first attributed to an increase in joining health insurance markets under reasonable prices, also known as OBAMACARE.

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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 increased its spending by $ 22 billion, as most of this attributed to spending in November and December, when the agency paid $ 20 billion as grants under a program established by the reconciliation bill for the year 2022 of the Biden Administration. Grants are intended for clean technologies, energy efficiency projects in disadvantaged societies, as well as solar projects in low -income societies.

The spending in the Ministry of Old Warriors Affairs (VA) increased by 22 billion dollars, or 16 %, because more people used the benefits of old warriors and their spending for each beneficiary.

The internal security spending increased by $ 16 billion, or 45 %, due to its response to Helen and Milton.

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On the revenue side, the total tax receipts increased 37 billion dollars, or 2 %, 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.