The US registered a surplus of $198.0 billion in September, much higher than the $80.3 billion surplus reported in September 2024.

• Total receipts were up 3.2% YoY to $543.7 billion, and total outlays saw a large decline of -22.6% YoY to just $345.7 billion.
• The full year FY25 deficit was $1.78 trillion, down -2.3% YoY from the $1.82 trillion deficit reported for FY24.