U.S. Federal Budget Deficit Unchanged in Fiscal 2025 Despite Tariff Revenue Increase
By
JumpCrisscross
7mo ago· 1 min readenNews
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Summary
The U.S. federal budget remained grim in fiscal year 2025 despite a historic rise in tariff revenue, with the deficit staying the same as the previous year. The main drivers of continued high spending were social programs like Social Security and Medicare, and interest on the public debt, which exceeded $1 trillion for the first time by one measure.
Key quotes
· 4 pulledDespite a historic rise in tariff revenue, the deficit was the same in the year ended Sept. 30, 2025, as the previous year.
That is largely because the main drivers of spending kept rising: social programs, including Social Security and Medicare, and interest on the public debt.
Interest on the public debt topped $1 trillion by one measure for the first time.
Control of the White House changed in fiscal year 2025, but the U.S. budget picture didn't. It remains grim.
As the books closed on U.S. government’s fiscal 2025, here’s what has changed about the federal budget—and what hasn’t
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