US Budget Surplus Boosted by Record Tariff Revenues

2025-07-11 18:08 By Mojdeh Kazemi 1 min. read

The US government reported a $27 billion budget surplus in June, driven by a sharp rise in customs duties revenue, which hit a record $27.2 billion.

This boost in tariff collections, especially from policies initiated under President Trump, helped push June budget receipts up 13% to $526 billion, while spending dropped 7% to $499 billion.

However, adjusting for calendar shifts, the Treasury noted that June would have shown a $70 billion deficit.

Year-to-date, the overall budget deficit rose 5% to $1.337 trillion, due to increased outlays on healthcare, Social Security, defense, and interest on debt.

Customs receipts for the fiscal year reached a record $113.3 billion gross, signaling growing reliance on tariffs as a revenue source.

Treasury officials anticipate further growth in tariff collections, possibly reaching $300 billion by the end of 2025.

The administration is also preparing additional tariffs, including new sector-based duties on semiconductors and pharmaceuticals.



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