Kokcha News Agency reports that the U.S. Treasury Department announced that the federal budget experienced a surplus of $27 billion in June 2025, the ninth month of the fiscal year starting October 1, 2024, and ending September 30, 2025. This is the first time since records began that federal tax revenues have exceeded $100 billion, thanks largely to soaring tariff income.
During this period, government receipts jumped by 13% to $526 billion, while expenditures decreased by 7% to $499 billion. The surge in tariff revenue was driven by President Donald Trump’s tariff policies, which led to a 301% increase in customs duties compared to the same period last year, totaling $27 billion in June.
Compared to last year’s June, when the government posted a $71 billion budget deficit, market expectations predicted a $41.5 billion shortfall for this period, making the actual surplus a remarkable turnaround.
However, in the nine months of this fiscal year, the total budget deficit increased by 5%, reaching $1.337 trillion. Notably, despite the revenue boom, government spending on education dropped sharply—by 91% in June year over year—reflecting ongoing budget adjustments.
These fiscal developments highlight a significant shift in U.S. financial health, with revenue streams strengthened by tariff policies, although the overall deficit remains large.
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