A view shows a bronze seal next to a door in the United States Treasury building in Washington, USA, on January 20, 2023.
Kevin Lamarque | Reuters
The United States government published a surplus in June, since tariffs gave an additional increase with a strong increase in receipts, the Treasury department said Friday.
With the swelling of the government’s red ink throughout the year, last month he saw a surplus of just over $ 27 billion, after a deficit of $ 316 billion in May.
That took the fiscal year deficit to date to $ 1.34 billion, 5% more than a year ago. However, with the calendar adjustment, the deficit actually increased by 1%. There are three months in the current fiscal year, which ends on September 30.
A 13% increase in receipts of the same month of the previous year helped close the gap, with 7% disbursements. For the year, receipts have increased by 7%, while spending has increased by 6%.
The government last published a June surplus in 2017, during the first term of President Donald Trump.
The increase in rates collections is helping to prop up government finances.
Customs duties totaled around $ 27 billion for the month, compared to $ 23 billion in May and 301% higher than June 2024. In an annual way, the rates collections have totaled $ 113 billion, or 86% more than one year.
Trump raised 10% tariffs in 10% in imports in April in addition to other selected tariffs. He also announced a menu of the so -called reciprocal tariffs on several US commercial partners and since then has been in negotiations.
The Treasury Department said the month benefited from calendar adjustments, without which the deficit would have been $ 70 billion.
Persistently high treasure yields again raised a challenge for federal finances.
The net interest in the national debt of $ 36 billion totaled $ 84 billion in June, less below May, but even higher than any other category with the exception of social security. For the year, the net interest, which pays the treasure about the debt that issues less what it earns in investments, is $ 749 billion. Total interest payments are projected at $ 1.2 billion for the full fiscal year.
Trump has been pressing the Federal Reserve to reduce short -term rates to help with the financial burden of attending the federal debt. But the markets do not expect the Central Bank to relieve until September, and the president of the FED, Jerome Powell, has said that the potential impact that tariffs could have on inflation continues to resort.
It is expected that the Trump’s “Big Beautiful” expenses bill that opened the way through the Congress at the beginning of this month add about $ 3.4 billion to the national debt during the next decade, according to the projections of the Budget Office of the Non -Party Congress.
Clarification: This story has been updated to clarify the current deficit figures.
