In February 2025, the U.S. budget deficit was reported at $307 billion, a 4% increase from the previous year. The Treasury Department revealed that government receipts hit a record $296 billion for the month, representing a 9% year-over-year rise. Nevertheless, total outlays also swelled to a record $603 billion, reflecting a 6% increase due to higher interest payments on public debt and boosted Social Security and Child Tax Credit payments. The fiscal year-to-date deficit escalated to $1.147 trillion, driven by a significant disparity between growing outlays and rising receipts.
The U.S. budget deficit increased to $307 billion in February, marking a 4% rise year-over-year, with both receipts and outlays reaching record levels.
In February, receipts were $296 billion, a historic high for the month, yet outlays surged to $603 billion, also setting a record, revealing a complex financial landscape.
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