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U.S. Budget Deficit Rises to $120 Billion in June

U.S. Budget Deficit Rises to $120 Billion in June

The U.S. Treasury Department announced that the federal budget deficit increased to $120 billion in June, with a significant rise in the amounts recovered from customs duties imposed by President Trump, compared to a surplus of $27 billion in June 2025. Government revenues declined by 6% to $496 billion, while spending rose to $616 billion, with interest payments on the national debt increasing by 28% to $185 billion. Since the start of the fiscal year, the deficit has grown to $1.367 trillion, with expenditure and revenues increasing by 3% and 4% respectively.

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