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Posted on 07/14/2025 10:43:57 AM PDT by lasereye
The U.S. government posted a surplus in June as tariffs gave an extra bump to a sharp increase in receipts, the Treasury Department said Friday.
With government red ink swelling throughout the year, last month saw a surplus of just over $27 billion, following a $316 billion deficit in May.
That brought the fiscal year-to-date deficit to $1.34 trillion, up 5% from a year ago. However, with calendar adjustment, the deficit actually edged lower by 1%. There are three months left in the current fiscal year.
A 13% increase in receipts from the same month a year ago helped bridge the gap, with outlays down 7%. For the year, receipts are up 7% while spending has risen 6%.
The government last posted a June surplus in 2017, during President Donald Trump’s first term.
Increasing tariff collections are helping shore up the government finances.
Customs duties totaled about $27 billion for the month, up from $23 billion in May and 301% higher than June 2024. On an annual basis, tariff collections have totaled $113 billion, or 86% more than a year ago.
Trump levied across-the-board 10% tariffs on imports in April on top of other select duties. He also announced a menu of so-called reciprocal tariffs on various U.S. trading partners and has been in negotiations since.
The Treasury Department noted that the month benefited from calendar adjustments, without which the deficit would have been $70 billion.
Persistently high Treasury yields again posed a challenge for federal finances.
Net interest on the $36 trillion national debt totaled $84 billion in June, down slightly from May but still higher than any other category with the exception of Social Security.
Trump has been pushing the Federal Reserve to cut short-term rates to help with the financing burden of servicing federal debt.
(Excerpt) Read more at cnbc.com ...
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Can we drink? Unexpected?
Unexpected except by Trump it’s why it happened.
What was the word the Media used for Obama over and over? Unprecedented? For Trump it’s unexpected.
Quarterly Income Tax payments were due on June 16.
I believe it was stated many times....that our government survived in the early years via tariffs.
Unexpected!
It was always "unexpectedly".
Tariffs work, admit it.
Yet, this was the first surplus in June since 2017.
the clowns at CNBC should start drinking- heavily:
Tariffs will likely raise much less money than White House projects, economists say
Published Tue, Apr 1 20254:03 PM EDT
Updated Wed, Apr 2 202512:01 PM EDT
So the Debt clock has stopped going up for a month?
“Unexpected” by the always wrong experts.
Not only have tariffs helped the country financially, they’ve also NOT increased inflation.
But Orange man bad! Cuz reasons
I am pro-tariff.
I’d like to see tariffs completely replace the Income Tax.
That brought the fiscal year-to-date deficit to $1.34 trillion, up 5% from a year ago. However, with calendar adjustment, the deficit actually edged lower by 1%.
They were due June 15th last year too.
To the Drive-By Media creepozoids, ANY good news is “unexpected.”
Our greedy incompetent Senators are already tacking on extra spending and eliminating DOGE cuts to the BBB….
More money for You-Kraine. More money for Me-Kraine donors and lobbyists!
Look everybody! A surplus! Spend spend spend!
Tariff revenues were up $4 billion from May to June.
Total receipts were up $155 billion from May to June.
Total expenditures were down $187 billion from May to June.
(You can get all these numbers by a simple search for US Treasury monthly receipts and expenditures.)
And you’re celebrating how tariff revenues can replace the income tax.
Undoubtedly, every $4 billion helps a little bit, emphasis on “little.”
Meanwhile, June estimated tax payments were undoubtedly a factor. Here are some more interesting numbers:
Recent months that showed a net surplus: April 2023, April 2024, September 2024 (another month when estimated tax is due), April 2025
June receipts less May receipts 2024 = 143B
June receipts less May receipts 2023 = 111B
June receipts less May receipts 2022 = 70B (all these are rough)
Do we see a pattern here? And, btw, the interesting fact is not that receipts went up, but that expenditures went way, way down, from May to June. That’s where attention should be.
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