Monthly Treasury Statement

Data Government

Source: US Department of the Treasury
Source Link: https://fiscal.treasury.gov/
Frequency: Monthly
Next Release(s): October 10th, 2025 2:00 PM

Latest Updates

The US deficit for August was reported at $344.8 billion (vs $310.0 billion expected), down from $380.1 billion in the same month a year ago.
- Total receipts were up 12.3% YoY to $344.3 billion, reflecting stronger tariff revenue, while total outlays were only up 0.4% YoY to $689.1 billion.
- Total customs duties collected were $29.5 billion in August, up from $27.7 billion in July. So far in FY25, total duties collected were up to $165.2 billion, over 136% higher than a year ago.
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The US deficit for July was reported at $291.1 billion (vs $215 billion expected), up from $243.7 billion in the same month a year ago.
- Total receipts were up 2.5% YoY to $338.5 billion and were more than offset by a 9.7% YoY increase in total outlays to $629.6 billion.
- Total customs duties collected were $27.7 billion in July, up slightly from $26.6 billion in June. So far in FY25, duties collected is up to $135.7 billion, more than double the $62.7 billion collected in the same period in FY24.
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The Monthly Treasury Statement reports a surplus of $27.0 billion (vs -$41.5 billion expected) in June 2025, better than the -$71.0 billion deficit in June 2024.
- In June 2025, total receipts were up 12.9% YoY to $526.4 billion, and total outlays were down -7.0% YoY to $499.4 billion.
- The Oct-Jun FY25 deficit is now up to $1.34 trillion, a 5.0% YoY increase over the Oct-Jun FY24 deficit of $1.27 trillion.
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The Monthly Treasury Statement reports a deficit of $316.0 billion in May, an improvement from $347.1 billion a year ago and lower than expectations of a deficit of $325.0 billion.
- Total receipts were up 14.7% YoY at $371.2 billion, more than offsetting a rise in total outlays of 2.5% YoY to $687.2 billion.
- So far in FY25, the total deficit is $1,364.7 billion, up 13.5% YoY from $1,202.2 billion in the same period in FY24.
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The Monthly Treasury Statement reports a surplus of $258.4 billion in April of FY25, up from a $209.5 billion surplus in April of FY24.
- Total receipts were up a strong 9.5% YoY at $850.2 billion, offsetting a rise in total outlays of 4.4% YoY to $591.8 billion.
- So far in FY25, the total deficit is $1,048.7 billion, almost $200 billion above the deficit in the same period a year ago ($855.2 billion).
- Both off-budget and on-budget outlays are over where they were a year ago, including off-budget outlays of $115.1 billion in April.
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The federal government deficit was $160.5 billion in March, down from a deficit of $236.6 billion in 2024 and below expectations of a deficit of around $240 billion.
- Total federal government outlays were $528.1 billion in March, down from $568.6 billion a year ago.
- Total federal government receipts were $367.6 billion in March, up from $332.1 billion a year ago.
- In FY25 so far, the federal government deficit is $1.31 trillion, above the $1.06 trillion in the same FY24 period.
- Total on-budget outlays so far this fiscal year are $2.87 trillion, up from $2.61 trillion last fiscal year.
- Total off-budget outlays so far this fiscal year are $699.0 billion, up from $645.3 billion last fiscal year.
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Monthly Treasury Statement: February 2025 2025-03-12 14:00
The first Monthly Treasury Statement of Trump’s presidency reports the January government deficit at $128.6 billion, above the expected deficit of $88.1 billion.
- January’s deficit is above the $86.7 billion deficit in December 2024 and above $21.9 billion deficit in January 2024.
- So far the FY 2025 YTD (Oct-Jan) deficit of $839.6 billion is well above the $531.9 billion deficit in the same FY 2024 period.
- In January, total outlays of $641.9 billion were up from $499.3 billion in outlays from a year ago. Total receipts were also higher in January at $513.3 billion vs $477.3 billion a year ago.
- Where are the largest increases in spending so far this fiscal year (total YTD outlays are up $319.0 billion to $2.44 trillion)?
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The US Treasury reports a deficit of $710.9 billion through the first three months of the fiscal year (October-December) with outlays of $1.79 trillion and receipts of $1.08 trillion. In December alone, the deficit was just $86.7 billion with receipts of $454.4 billion (+5.4% YoY) and outlays of $541.1 billion (-3.1% YoY).

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