U.S. Budget Deficit Decreases While Customs Revenues Hit Record High

U.S. Treasury Department's September Report Released

The U.S. Treasury Department has announced its budget balance report for the 2025 fiscal year. According to this report, in the final month of the fiscal year starting on October 1, 2024, the federal government recorded a $198 billion budget surplus. In the same month of the previous year, this figure was only $80 billion.

Revenue Increase and Decrease in Expenditures

In September, federal government revenues rose by 3 percent compared to the same period last year, reaching $544 billion, while expenditures decreased by 23 percent to $346 billion. This situation significantly contributed to the increase in the budget surplus.

Record Customs Duties Revenues

Throughout the 2025 fiscal year, the total budget deficit of the U.S. was recorded at $1.775 trillion, while in 2024, this figure was $1.817 trillion. Thus, the budget deficit decreased by 2 percent compared to the previous year.

During this period, the record-level customs duties revenues played a significant role in reducing the budget deficit. In the 2025 fiscal year, customs duties increased by 153 percent compared to the previous year, reaching a total of $195 billion.