国会预算办公室-月度预算审查：2025年7月（英）

The amounts shown in this report include the surplus or deficit in the Social Security trust funds and the net cash flow of the Postal Service, which are off-budget. Numbers may not sum to totals because of rounding. The federal budget deficit totaled $1.6 trillion in the first 10 months of fiscal year 2025, the Congressional Budget Office estimates. That amount is $109 billion more than the deficit recorded during the same period last fiscal year. Revenues increased by $263 billion (or 6 percent), and outlays rose by $372 billion (or 7 percent). Table 1. Budget Totals, October–July Billions of Dollars Estimated Change With Adjustments for Timing Shifts in Outlaysa Actual, FY 2024 Preliminary, FY 2025 Estimated Change Billions of Dollars Percent Receipts 4,085 4,347 263 263 6 Outlays 5,602 5,974 372 300 5 Deficit (−) −1,517 −1,626 −109 −37 2 Data sources: Congressional Budget Office; Department of the Treasury. Based on the Monthly Treasury Statement for June 2025 and the Daily Treasury Statements for July 2025. FY = fiscal year. a. Adjusted amounts exclude the effects of shifting payments that otherwise would have been made on a weekend or a holiday. The change in the deficit was influenced by the timing of outlays. Fiscal year 2024 outlays were reduced because payments that were due on October 1, 2023, a Sunday, were shifted into the prior fiscal year. (Those payments were made in September 2023.) If not for that shift, the deficit so far this fiscal year would have been $37 billion (or 2 percent) more than the shortfall at this point last year. In January 2025, CBO projected that the deficit for fiscal year 2025 would be $1.9 trillion.1 Next month, in the Monthly Budget Review: August 2025, CBO will present updated projections for this fiscal year, which will account for actual spending and revenues reported through August and projections for the final month. The next edition of The Budget and Economic Outlook, covering the 2026-2036 period, will discuss the budgetary and economic effects of the recent reconciliation legislation, as well as the effects of tariffs, immigration, and other changes. 1. Congressional Budget Office, The Budget and Economic Outlook: 2025 to 2035 (January 2025), www.cbo.gov/publication/60870. Monthly Budget Review: July 2025 August 8, 2025 MONTHLY BUDGET REVIEW FOR JULY 2025 AUGUST 8, 2025 2 Total Receipts: Up by 6 Percent in Fiscal Year 2025 Receipts totaled $4.3 trillion during the first 10 months of fiscal year 2025, CBO estimates—$263 billion (or 6 percent) more than during the same period a year ago. That increase was moderated by changes to payment deadlines for certain taxpayers over the past two years. Receipts were boosted by about $70 billion in the first quarter of fiscal year 2024 because the Internal Revenue Service (IRS) postponed certain 2023 tax deadlines until early in fiscal year 2024 for some taxpayers in federally declared disaster areas. The IRS als