The U.S. Treasury posted a $258 billion budget surplus in April 2025, the largest since 2021 and a 23% increase from the previous year. This was fueled by $850 billion in total receipts, including a 16% rise in individual tax payments to $460 billion, and a record $16 billion in customs duties-up $9 billion year-over-year, largely due to higher tariffs on imports. Despite April’s strong surplus, the budget deficit for the first seven months of fiscal year 2025 rose by $194 billion year-over-year to $1.05 trillion, the third-largest on record. This ongoing deficit highlights persistent fiscal challenges for the U.S. government
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