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The US Treasury building is visible from the Washington monument on the cold winter day on January 21, 2025 in Washington, Colombia District.
Kevin Carter | Gets the image
The problem of debt and US deficit has deteriorated during the president Donald TrumpThe first month in the position, since the budget deficit in February took a $ 1 trillion mark, although the financial year is not yet halfway.
According to the statement of the Ministry of Finance, the government’s expenses were slightly mitigated a month, although it was still far from the profit, the Ministry of Finance said on Wednesday. The shortage amounted to just over $ 307 billion a month, almost 2½ times more than in January and 3.7% higher than in February 2024.
Indicators and costs set records per month, said the Treasury Press.
During the year, the deficit amounted to $ 1.15 trillion in the first five months of financial 2025. The total amount is about $ 318 billion more than the same period in 2024, or approximately 38% higher, and set the record during this period.
Pure cost financing for 36.2 trillion. Dollars decreased to $ 74 billion a month. However, the total net interest payment has increased to today to $ 396 billion, lagging behind national protection and health. Social Security and Medicare are the biggest US budget expenses.
The deficit has been gained in the last three years of the former president Joe Biden ‘S, which grows from 1.38 trillion to $ 1.83.
Trump forced the government’s financial home in order to priority after taking office. From the moment of taking on himself, he created the so -called government’s efficiency under the guidance Elon Musk. In addition to the early retirement, the Advisory Council headed job reduction. The Treasury spokesman said there was no obvious consequences in the efforts of DOGE, but further comments to the board under the leadership of Musk.
At the same time, Trump wants to expand the law on reducing taxes and jobs, heading the head during his first administration. While Trump has advertised an increase that will reduce taxes, several analytical tanks say the update of the law will also add $ 3.3 trillion to deficit over the next decade.
