financetom
Economy
financetom
/
Economy
/
US March budget deficit rises slightly to $164 billion, war outlays delayed
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US March budget deficit rises slightly to $164 billion, war outlays delayed
Apr 10, 2026 11:32 AM

WASHINGTON, April 10 (Reuters) - The U.S. federal government reported that the March budget deficit rose $4 billion or 2% to $164 billion from a year ago as new individual and corporate tax breaks pushed refunds sharply higher, while relief payments to farmers also grew, the U.S. Treasury said on Friday.

The monthly budget data did not show a major increase in spending on the Iran war, with military and defense program outlays rising just $2 billion or 3% to $65 billion during the conflict's first month.

A Treasury official said that many war-related outlays, such as for replenishing weapons inventories, would come in later months.

Customs duty collections also softened in the month following the U.S. Supreme Court's annulment of President Donald Trump's broadest global tariffs imposed under an emergency law.

Customs receipts totaled $22.2 billion in March, down from $26.6 billion in February and monthly totals in the low $30 billion range late last year, but up from $8.2 billion in March 2025.

March receipts totaled $385 billion, up $17 billion or 5% from March 2025, while outlays totaled $549 billion, up $21 billion, or 4% from a year earlier.

After accounting for calendar-related adjustments of benefit payments, the March deficit would have been $250 billion, up $9 billion or 4% from March 2025.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Zoomed Out | Why circular economy is imperative for businesses in India  
Zoomed Out | Why circular economy is imperative for businesses in India  
Oct 2, 2023
For India, circular economy has the potential to be upwards of $45 Billion by 2030 and the private sector stands to gain a first-mover advantage to secure green investments for applying circular economy in their operations. And on the other side, corporates in India today faces growing regulator, investor, and consumer pressures of adopting pro-climate practices both domestically and internationally, observes BCG India Managing Director Anirban Mukherjee and Project Leader Tania Banerjee.
World View | G20 and Sustainability — Here's why there is a paradox of commitment 
World View | G20 and Sustainability — Here's why there is a paradox of commitment 
Aug 20, 2023
Just as India’s domestic commitment to sustainable energy has fuelled its leadership on the world stage, any relapse towards fossil fuel dependency within the country threatens to undermine its global position of authority.
India looking into 'freak' incidents like damage to Sikkim's Chungthang dam: RK Singh
India looking into 'freak' incidents like damage to Sikkim's Chungthang dam: RK Singh
Oct 18, 2023
Stressing on the need to have quick ramp up and ramp down energy sources for grid balancing, the minister described hydroelectric power's role as essential in the path to energy transition as wind energy is intermittent and the sun doesn't shine 24×7.
India slashes solar imports from China as domestic manufacturing thrives: Report
India slashes solar imports from China as domestic manufacturing thrives: Report
Sep 13, 2023
India's solar module imports from China plummeted from 9.8 GW in the first half of 2022 to a mere 2.3 GW in the same period last year, the report by global energy think tank Ember said.
Copyright 2023-2026 - www.financetom.com All Rights Reserved