Monday, March 10, 2025

The February 2025 deficit was $308 Billion

The federal government incurred a deficit of $308 billion in February 2025, CBO estimates—$11 billion more than the deficit recorded last February. The federal budget deficit totaled $1.1 trillion [actually $1.147 trillion] in the first five months of fiscal year 2025, the Congressional Budget Office estimates. That amount is $319 billion more than the deficit recorded during the same period last fiscal year. Revenues were $37 billion (or 2 percent) higher, and outlays were $356 billion (or 13 percent) higher.   https://www.cbo.gov/publication/61196/html

How much was net interest for the month?  YTD interest as of 2/28/25 is $402 billion, and it was $327 billion as of 1/31/25, so net interest for the month is $75 billion.

The Federal Reserve had a debt of $224 billion as of 2/26/25 (https://fred.stlouisfed.org/series/RESPPLLOPNWW) up from $221.1 billion as of 1/29/25, so it increased $2.9 billion for the month.

The Treasury General Account closing balance was $559.6 billion as of 2/28/25, down from $793 billion as of 1/31/25, a drop of $233.4 billion.  This nest egg will probably last until mid-June when it will need to be replenished.

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