U.S. Budget deficit rises to $164 Billion in March

The United States recorded a rise in its budget deficit during the previous March, reaching $164 billion, an increase of $4 billion, or 2% compared to the same period last year, according to the U.S. Treasury’s monthly report.

This increase was mainly driven by changes in tax policies, including expanded tax relief measures benefiting both individuals and businesses.

In parallel, government spending also contributed to the widening deficit, particularly through higher subsidy payments directed toward the agricultural sector.

Meanwhile, customs revenues declined significantly, falling to $22.2 billion in March from $26.6 billion in February, following a U.S. Supreme Court decision to отмен broad tariffs previously imposed under emergency legislation.

Overall, federal revenues stood at $385 billion for the month, marking a 5% year-on-year increase, while total expenditures reached $549 billion, up 4% compared to March of the previous year.