Treasury reports an unexpected surplus in June when tariff revenues are increasing

The view shows a bronze seal at the door of the US Treasury in Washington, the USA, January 20, 2023.

Kevin Lamark | Reuters

The US government placed surplus in June when the tariffs gave an additional blow to a sharp increase in the revenues, the Ministry of Finance reported on Friday.

Last month, last month, red ink swelling, a slightly over $ 27 billion after a $ 316 billion deficit in May.

This led to a financial deficit to $ 1.34 trillion, which is 5% more than a year ago. However, when adjusting the calendar, the deficit actually decreased by 1%. The current financial year remains three months, which ends on September 30.

Increased revenues by 13% compared to the same month a year ago helped to overcome the gap, and the emissions decreased by 7%. The receipt increased by 7%over the year, and the costs increased by 6%.

The government last published a June surplus in 2017 during the president Donald TrumpThe first term.

The increase in tariff collections helps the state finance shore.

Customs duties per month amounted to about $ 27 billion, which is 301% higher than in June 2024 compared to $ 23 billion. The annual tariff collection amounted to $ 113 billion, or 86% more than a year ago.

Trump was charged at 10% of import tariffs in April, except for other separate duties. He also announced the menu of the so -called mutual tariffs on various US trading partners and has been negotiating since then.

The Ministry of Finance noted that the moon took advantage of the calendar, without which the deficit would amount to $ 70 billion.

Sustainable High Treasury again creates a challenge for federal finance.

Pure interest in national debt of $ 36 trillion amounted to $ 84 billion in June, which decreased slightly compared to May, but still higher than any other category except for social security. Pure interest in the year is that the Treasury pays for the debt, it gives a minus that earns the investment – is $ 749 billion. General interest payments are projected to $ 1.2 trillion for the full financial year.

Trump pushes the federal reserve system to reduce short -term rates to help financing federal debt service. But the markets do not expect the Central Bank to ease again in September and fed by the chairman Jerom Powell He said he remained in a state of potential impact that could have inflation tariffs.

It is expected that the Trump’s own bill that has made its way through Congress earlier this month will give about 3.4 trillion in the next decade. Dollars, according to the projects of the non -partisan budget.

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