Mumbai, Feb. 12 -- The US federal government's budget deficit reached $95 billion in January, marking a 26% decline year-on-year, according to data from the Treasury Department released Wednesday.
The federal government had a budget deficit of $129 billion in January 2025.
Government revenues rose 9% year-on-year to $560 billion in January, while expenditures increased 2% year-on-year to $655 billion.
Customs duties collected through tariffs totaled $30 billion for the month, jumping 275% year-on-year, according to the data.
In the first four months of the 2026 fiscal year, which began last October, the country's total budget deficit fell 17%, compared to the same period of the previous fiscal year, declining to $697 billion.
This defi...