国会预算办公室-月度预算审查：2025财年摘要（英）-2025.11.pdfVIP

MonthlyBudgetReview:

SummaryforFiscalYear2025November10,2025

Infiscalyear2025,whichendedonSeptember30,thefederalbudgetdeficittotaled

$1.8trillion—adecreaseof$41billion(or2percent)fromtheshortfallrecordedintheprevious

year.Revenuesandoutlaysalikeincreasedfrom2024totals.Revenuesroseby6percent,or

$317billion;increasesincollectionsofindividualincometaxesandcustomsdutieswerepartially

offsetbyadeclineincorporatetaxreceipts.Outlaysgrewby4percent,or$275billion,with

increasesoccurringinseveralareas,includingthelargestbenefitprogramsandnetinterestonthe

publicdebt(which,forthefirsttime,surpassed$1trillion).1Thoseincreaseswerepartlyoffsetby

decreasesrecordedforfederalstudentloanprograms,depositinsurance,andtheSmallBusiness

Administration.The2025amountsreportedherediffersomewhatfromamountsdescribedinthe

MonthlyBudgetReview:September2025becausetheyreflectthesubsequentlyreporteddatain

theMonthlyTreasuryStatementforSeptember2025.

Table1.

Totals,FiscalYears2020to2025

BillionsofDollars

202020212022202320242025

Receipts3,4214,0474,8974,4414,9185,235

Outlays6,5546,8226,2736,1356,7357,010

Deficit(−)

Amount−3,132−2,775−1,376−1,694−1,817−1,775

PercentageofGrossDomesticProduct−14.7−12.0−5.4−6.2−6.3−5.9

Datasources:CongressionalBudgetOffice;DepartmentoftheTreasury;OfficeofManagementandBudget.

1.Netinter