In the first six months of the fiscal year, the public deficit increased significantly in the United States, including the beginning of President Donald Trump who promised to reduce him, according to data from the Treasury Department published on Thursday, according to AFP.
Donald Trump. AFP photo
Trump, who was invested on January 20, appointed billionaire Elon Musk to lead the assault on the federal administration in order to reduce the number of civil servants, missions and expenses.
The data of the Treasury Department shows that between October 2024 and March 2025, the first half of the fiscal year 2025, the budget deficit increased by 23% compared to the same period last year, to $ 1,300 billion, writes Agerpres, citing AFP.
The revenues increased by 3%, to $ 2,300 billion, but the expenses increased by 10%, to $ 3,600 billion.
The second largest deficit of the United States
This is the second largest deficit in the United States, the previous one dating from the first half of 2021, in the midst of Covid-19.
The deepening of the deficit was mainly caused by increasing the task of debt and expenses for programs such as senior medicine.
The data of the Treasury department show that the customs duties imposed on Chinese goods from the beginning of Donald Trump's second term have started to generate additional income during this period: plus $ 6 billion, to reach $ 47 billion.
Explanations of the Treasury Department on US budget deficit
Respibilities of the Treasury Department explained to the press that there is usually a one -month gap between the adoption of new customs duties and the collection of income.
Instead, they did not want to provide information on the impact on the public finances of the expenses proposed by Elon Musk's teams.
