The US Treasury Building is seen in Washington Memorial on the winter day on 21 January 2025 in Washington, DC.
Kevin Carter | Getty images
President Donald Trump’s office deteriorated during the first month during the first month, as the budget deficiency for February passed a $ 1 trillion mark, even though the financial year is not yet on the halfway.
According to a statement by the Treasury Department, the government’s expenses reduced slightly on monthly basis, although it is still out of revenue. This deficit was only more than $ 307 billion for the month, in January it was about 2 that fold and 3.7% more than February 2024.
The Treasury spokesman said that receipts and expenditure set records for the month.
For the year, the loss was $ 1.15 trillion through the first five months of FY 2025. A total of 2024 is about 318 billion dollars above the same period, or about 38% higher, and a record for the period is set.
The net cost reduced to $ 74 billion for the month to finance $ 36.2 trillion National Date. However, just behind national defense and health, the total net interest payment increased to $ 396 billion. Social security and Medicare is the largest cost in the US budget.
Former President Joe Biden’s tenure declined in the last three years of the last three years, which increased from $ 1.38 trillion to $ 1.83 trillion.
Trump has given priority to the fiscal house of the government since assuming office. Since assuming office, he formed the so -called Government Efficiency Department under the leadership of Elon Musk. The Advisory Board has cut jobs in many departments besides initial retirement incentives. A spokesman for the Treasury said that Dog’s efforts had no clear impact yet, but further comments were mentioned to the musk -led panel.
At the same time, Trump wants to expand the Tax Cuts and Jobs Act during his first administration. While Trump has postponed development that tax will be cut, several think tanks say that renewing the Act will also include $ 3.3 trillions in deficit in the next decade.
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