Federal budget deficit expands in early 2025


Federal government Budget deficit According to the latest data, more than $ 300 billion in the first five months of the fiscal year 2025.

The most recent monthly treasury statement of the Treasury Department showed that the February deficiency was $ 128 billion in January $ 128 billion. This figure has been higher than $ 10.7 billion since February 2024.

Since the beginning of the fiscal year 2025, since the beginning of the fiscal year 2025, the Federal Budget deficit amounted to $ 1,146 trillion. Compared to the first five months of the fiscal year 2024, the budget deficit this year was more than $ 318 billion.

Nonfartisan Congress has released an analysis that violates changes in the Budget Administration (CBO) Federal spending Previous tax revenues, the previous last ended.

New budget forecasts hit the borrower in 4 years: CBO

Washington, DC, the US Capitol building, Washington Monument, Lincoln Memorial and National Mall, January 29, 2010, on January 29, 2010 and the National Mall's Blue Line.

The federal budget deficit exceeds more than $ 300 billion since the first five months of FY2025. (Shaul via Loeb / AFP / Getty Images)

Federal expenses were 13% higher than in the first five months of the 2025 fiscal year, and tax revenues were 2% higher. Expenses increased by $ 356 billion in a few categories compared to a year ago.

The three largest binding spending programs saw a collective $ 73 billion or 6% increase in the first five months of the Financial Year 2025.

Social Security The costs were $ 38 billion due to the increase in higher living cost (cola) and the number of beneficiaries. Medicare expenses were $ 20 billion due to increased registration and payment rates, as a result of rising costs, the Medicaid expenses increased by $ 15 billion.

The billionaire Hedge Foundation manager warned the 'economic heart attack' for the US economy

Social Security

Social security and other compulsory spending programs increased by 6% in the last five months compared to a year ago. (Photo description by Kevin Dietsch / Getty Images)

The costs of paying a net interest on the net debt increased by $ 44 billion or 12%, because the debt is larger than a year ago.

Ministry of Defense The costs increased by 8% of increased by $ 27 billion or 8%, due to transactions, exploitation and procurement.

Costs for certain refundable tax credits increased by 26 billion or 29%, which is primarily registered for the registration of CB in the health insurance market The law of favorable careIt is also known as Obamacare.

Elon Musk believes that DOG will reach $ 1 trillion in savings

EPA

The EPA closed the $ 20 billion grant in late 2024 spent in late 2024. (J. David Ake / Getty Images)

Environmental Protection Agency increased the expenditures for $ 22 billion, according to the costs of the agency, the Biden administration in November and December, the $ 2022 grant in the 2022 reconciliation bilateral. Grants are clean technologies, energy efficiency projects in unfavorable communities, as well as solar projects in low-income communities.

Expend Veterans Works Department (VA) increased to $ 22 billion or 16% because more people used the costs for the benefits of veterans and the beneficiary.

The costs of the homeland security increased by $ 16 billion or 45%, 45% per response Hurricanes Helene and Milton.

Get the fox work on the way by clicking here

On the revenue side, the total Tax receipts $ 37 billion or 2% in the first five months of the fiscal year 2025 increased by 2%.

Until January 2025, CBO deficiency of the Federal Government in the 202nd fiscal year, the 2024th financial year in 2024.



Source link

اترك تعليقاً

لن يتم نشر عنوان بريدك الإلكتروني. الحقول الإلزامية مشار إليها بـ *

DMCA.com Protection Status