2026-02-21 11:14:15

The U.S. Treasury Department's January budget deficit decreased by 26% year-over-year to $95 billion.

For the first four months of fiscal year 2026, the deficit declined by 17% year-over-year to $697 billion, but it remains the third worst start in history.
Government revenue increased by 12% year-over-year to $1.8 trillion, with customs duties revenue rising by 304% year-over-year to $124 billion.
Meanwhile, government spending grew by 2% year-over-year to $2.5 trillion.
Customs duties are helping to ease the U.S. fiscal deficit.
Note: The U.S. Federal Fiscal Year does not start on January 1 but begins on October 1 each year and ends on September 30 of the following year.
However, customs duties are only a partial relief; in recent years, excessive borrowing and high interest rates mean that if interest rates cannot be effectively lowered, interest payments will soon consume a significant portion of fiscal revenue. $ETH
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