Tuesday, November 25, 2025

The October 2025 deficit was $284 billion

 The receipts in October were $404 billion, and the outlays were $689 billion. The outlays were higher than any month in FY 2025 except August when they were also $689 billion.

If you think October is bad, just wait until November, which usually has the highest monthly deficit.  Last year the November 2024 deficit was $367 billion and in November 2023 it was $317 billion.

Medicare spending was $151 billion in October, up from $77 billion in October 2024 and $24 billion in October 2023.  What is up with that?

Source: https://fiscaldata.treasury.gov/static-data/published-reports/mts/MonthlyTreasuryStatement_202510.pdf

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