The US Treasury building appears from Washington's monument on a cold winter day on January 21, 2025 in Washington, DC.
Kevin Carter Gety pictures
The debts and deficits of the United States worsened during the president Donald TrumpIn the first month of office, the budget deficit approved for the month of February, a trillion dollar sign, although the fiscal year has not yet arrived in the middle of the road.
Government spending slightly eased on a monthly basis although it still exceeds revenue, according to the Treasury statement on Wednesday. The total deficit was slightly more than $ 307 billion for this month, or nearly 2 and a half of what it was in January and 3.7 % above February 2024.
A Treasury spokesman said that receipts and expenses set records for this month.
For the year, the deficit reached $ 1.15 trillion during the first five months of the fiscal year 2025. The total is about $ 318 billion more than the same period in 2024, or approximately 38 % higher, and sets a record for this period.
The net costs of financing the national debt decreased 36.2 trillion dollars to $ 74 billion for this month. However, the total net payment payments have increased so far to 396 billion dollars, behind the defense and national health. Social Security and Medical Care is the largest cost in the United States budget.
The deficit has been swollen in the last three years of the former president Joe BidenThe term S, grows from $ 1.38 trillion to $ 1.83 trillion.
Trump has made the government's financial house for priority since he took office. Since his assumption, he has created the so -called Ministry of Governmental efficiency, led Elon Musk. The Consultative Council has led job cuts across multiple sections in addition to early retirement incentives. A Treasury spokesman said that there have been no clear effects from Dog's efforts, but referred more comment to a committee led by musk.
At the same time, Trump wants to extend the tax and tax cuts law, which led during his first administration. While Trump has described the growth that will bring tax cuts, many thought tanks say the regeneration of the action will also add $ 3.3 trillion to the deficit over the next decade.
