U.S. Department of the Treasury monthly reports

U.S. Federal Budget Deficit for December Reaches $86.7 Billion, 40% Higher Year Over Year; $710 Billion Over Three Months

Jan 14, 2025, 07:02 PM

The U.S. federal budget deficit for December 2024 was reported at $86.7 billion, exceeding expectations of $80 billion and significantly higher than the previous month's deficit of $366.8 billion. This marks a 40% increase in the deficit compared to the same month a year ago. Over the last three months, the total budget deficit has reached $710 billion. The data highlights ongoing fiscal challenges as the government grapples with rising expenditures and lower revenues.