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Last month, budget revenues rose by 14.7% to $371.229 billion, with customs duties contributing $23 billion to the budget, nearly four times greater than last year's amount ($6 billion).
Spending rose by 2.5% and reached $687.233 billion. Concurrently, interest payments on the national debt fell by 10% - to $92 billion.
Revenues increased by 5.9% to $3.482 trillion, while expenditures grew by 7.9% to $4.846 trillion.
As reported earlier, the U.S. state budget's deficit at the conclusion of fiscal year 2024 was $1.83 trillion, reflecting an 8% rise.
The country recorded a historic deficit of $3.1 trillion at the close of the fiscal year 2020. The last recorded budget surplus occurred in fiscal 2001.
source: cnn.com
Spending rose by 2.5% and reached $687.233 billion. Concurrently, interest payments on the national debt fell by 10% - to $92 billion.
Revenues increased by 5.9% to $3.482 trillion, while expenditures grew by 7.9% to $4.846 trillion.
As reported earlier, the U.S. state budget's deficit at the conclusion of fiscal year 2024 was $1.83 trillion, reflecting an 8% rise.
The country recorded a historic deficit of $3.1 trillion at the close of the fiscal year 2020. The last recorded budget surplus occurred in fiscal 2001.
source: cnn.com
