TechFlow, May 13 — According to Jinshi Data, the latest data from the U.S. Department of the Treasury shows that the federal government's budget surplus in April reached $258 billion, the second-largest on record and a 23% year-on-year increase. The surplus was primarily driven by strong tax revenues during the tax season and record-high import tariff receipts. Tariff revenue in April totaled $16 billion, approximately $9 billion higher than the same period last year, surpassing the previous historical high of $9.6 billion set two years ago, contributing over $500 million per day to the U.S. treasury. Meanwhile, debt interest expenses exceeded $100 billion for the second consecutive month. Despite the China-U.S. agreement to reduce tariffs by 115% within 90 days, the budget deficit for the first seven months of fiscal year 2025 has already reached $1.049 trillion, a 23% increase compared to the same period last year.
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