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U.S. August deficit falls to $345 billion as tariff revenues rise
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U.S. August deficit falls to $345 billion as tariff revenues rise
Sep 11, 2025 11:27 AM

WASHINGTON, Sept 11 (Reuters) - The U.S. budget deficit

for August fell $35 billion or 9% from a year earlier to $345

billion as President Donald Trump's tariffs pushed net customs

receipts up by about $22.5 billion for the month, the Treasury

Department said on Thursday.

With one month to go in the 2025 fiscal year, the

year-to-date deficit rose $76 billion, or 4% to $1.973 trillion.

Receipts for August rose $38 billion or 12% to $344 billion,

while August outlays grew $2 billion to $689 billion. Both

receipts and outlays reached new records for the month.

August net customs receipts also reached an all-time monthly

record of $29.5 billion, up from $7 billion a year earlier,

driven by Trump's tariffs.

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