US Budget Shows 87 Billion Dollar Deficit in December 2024

According to the budget balance report released by the US Treasury Department for December 2024, the federal government recorded a budget deficit of 87 billion dollars in the third month of the 2025 fiscal year which began on October 1, 2024 and will end on September 30, 2025. This deficit was a decrease of 33% compared to the previous year's deficit of 129 billion dollars in December. Government revenues increased by 6% to 454 billion dollars last December, while expenditures decreased by 3% to 541 billion dollars. The total budget deficit for the third month of the 2025 fiscal year in December rose by 39% to 711 billion dollars compared to the same period the previous year, where it was at 510 billion dollars. In the first 3 months of the fiscal year, expenditures increased by 11% to 1.8 trillion dollars, while revenues decreased by approximately 2% to 1.1 trillion dollars. The budget deficit for the 2024 fiscal year in the US had increased by 8% compared to the previous year, reaching 1.8 trillion dollars, making it the third largest budget deficit in US history.