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.