March Deficit Unexpectedly Tumbles To 5 Year Low As DOGE Cracks Down On Democrat Money-Laundering Schemes
by Tyler Durden
Friday, Apr 11, 2025 - 05:44 AM
One month ago, when looking at the latest US Treasury income and spending, or as it is better known, deficit, data we found something shocking: the last months of the Biden admin were marked by spending unlike anything ever seen before, in fact, spending in the first six months of fiscal 2025 surpassed even the crisis 2020 and 2021 when the US injected trillions into the economy.
Then Elon Musk's DOGE came on the scene... and thing changed quickly.
Earlier today the Treasury published its revenue and spending report for the month of March, the first month when DOGE was fully operational, and the results were interesting. As shown in the chart below, in March total US government receipts were $368 billion, while spending totaled $528 billion.
The difference between how much money the US brought in vs how much it spent, means that in March the US budget deficit was $161 billion. Which sounds like a lot (it is) until you realize that in February the deficit was almost twice as much, or $307 billion. And compared to the $236 billion deficit a year ago, 2025 was a solid 32% lower.
https://www.zerohedge.com/markets/march-deficit-unexpectedly-tumbles-5-year-low-doge-cracks-down-democrat-money-laundering
