Washington, January 13 (QNA) - The US Treasury Department said on Tuesday that the government recorded a USD145 billion budget deficit in December 2025, representing a 67% increase, or USD 58 billion, compared with the same month last year.

The report showed that growth in tariff revenues imposed by President Donald Trump may have stabilized, with net customs receipts totaling USD 27.9 billion in December, down from the USD 30 billion range seen in recent months, but significantly higher than the USD 6.8 billion recorded in December 2024.

Net customs receipts for the first three months of fiscal year 2026, which began on Oct. 1, reached USD 90 billion, compared with USD 20.8 billion in the same period a year earlier. (QNA)