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The federal government budget deficit has increased by more than $ 300 billion in the first five months for the year 2025, according to the latest data.
The last monthly declaration of the monthly treasury of the Treasury Department showed that the monthly deficit in February was $ 307 billion, compared to $ 128 billion in January. This figure is also about $ 10.7 billion more than in February 2024.
Since the start of fiscal year 2025 on October 1, the federal budget deficit has totaled a new record of 1.146 dollars, according to the treasury data. Compared to the first five months of fiscal 2024, this year’s budget deficit follows more than $ 318 billion.
The Office of the Budget of the Non -Sample Congress (CBO) published an analysis that broke changes in federal expenses And the tax revenues, which found that the first exceeded the second.
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The federal budget deficit is greater than $ 300 billion in the first five months of the 2010 financial year and the previous year. (Saul Loeb / AFP via / Getty Images)
Federal spending in the first five months of the 2025 fiscal year was 13% higher than the previous year, while tax receipts were 2% higher. Expenditure increased by $ 356 billion during this period compared to a year ago, with a significant increase in several categories.
The three largest compulsory spending programs have seen their expenses increase by 73 billion collective dollars, or 6%, in the first five months of the year 2025.
Social security Spending increased by $ 38 billion due to a higher adjustment in the cost of living (Cola) and an increase in the number of beneficiaries. Medicare expenditure increased by $ 20 billion due to the increase in registration and payment rates, while Medicaid spending increased by $ 15 billion due to the increase in costs per registration.
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Social security and other compulsory expenditure programs have seen expenses increase by a collective of 6% in the last five months compared to a year ago. (Illustration Photo by Kevin Dietsch / Getty Images)
Expenses related to the payment of net interest on national debt increased by $ 44 billion, or 12%because the debt is greater than it was a year ago.
Ministry of Defense Spending increased by $ 27 billion, or 8%, most increases due to operations, maintenance and purchases.
The expenses of certain reimbursable tax credits increased by $ 26 billion, or 29%, which the CBO has mainly attributed to the increase in registration for health insurance markets under the Actalso known as Obamacare.
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The EPA paid $ 20 billion in grants at the end of 2024, which increased its expenses a year ago. (Images J. David Ake / Getty)
The Environmental Protection Agency (EPA) increased its expenses by $ 22 billion, the majority of the one awarded to spending in November and December, because the agency paid $ 20 billion in grants within the framework of a program established by the Bill of Reconciliation of the Biden Administration. The subsidies are intended for own technologies and energy efficiency projects in disadvantaged communities, as well as solar projects in low -income communities.
Spend at Department of Veterans Combators (VA) increased by $ 22 billion, or 16%, because more people have used the benefits and expenses of the veterans per beneficiary.
Homeland Security expenses increased by $ 16 billion, or 45%, due to its response to Hurricanes Helene and Milton.
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On the income side, total Tax received increased by $ 37 billion, or 2%, in the first five months for the year 2025.
In January 2025, the CBO provided that the federal government will lead a deficit of $ 1.9 billion during the year 2025 – the same amount as the deficit for the fiscal 2024.
