U.S. June Budget Deficit Falls to $120 Billion on Tariff Refunds

businessmacroeconomics 4 posts · 4 accounts

The U.S. budget deficit in June fell to $120 billion as tariff refunds drove the shortfall well below market forecasts. The actual figure of roughly $120 billion to $120.3 billion marked a sharp decline from the prior month’s $293 billion gap and beat projections ranging from $128.2 billion to $129 billion.

The Treasury Department released the preliminary monthly balance on Saturday. Detailed breakdowns of federal revenue and outlays for the current fiscal year will be published in the official budget statement later this week.

From the sources (4 posts)

@reuters

Tariff refunds push US June budget deficit to $120 billion

@firstsquawk

U.S. FEDERAL BUDGET BALANCE: -$120.00B, BETTER THAN FORECAST OF -$128.25B AND PRIOR -$293.00B

@wallstengine

U.S. JUNE BUDGET DEFICIT AT $120.31B VS -$129.0B ESTIMATE

@financialjuice

US FEDERAL BUDGET BALANCE ACTUAL -120.00B (FORECAST -128.25B, PREVIOUS -293.00B) $MACRO

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