In February 2025, federal spending (under Donald Trump) in the United States was notably higher than in the previous year (under Joe Biden). Here are some key points regarding federal spending and the budget deficit for February 2025.
But isn’t Trump supposed to be reducing spending?
The federal budget deficit for February 2025 was approximately $307 billion, which is a 4% increase from February 2024. Total federal spending for February 2025 reached $603 billion, marking a 6% increase from the previous year. This rise was driven by higher expenditures on debt interest, Social Security, and healthcare benefits.
Despite a 9% increase in revenue to $296 billion in February 2025 compared to the previous year, spending continued to outpace revenue,
The cumulative deficit for the first five months of fiscal year 2025 (October to February) reached a record $1.147 trillion, surpassing previous records.
The federal budget for fiscal year 2025 is the largest in U.S. history, with a proposed $7.3 trillion budget, including significant allocations for defense and non-defense discretionary spending. However, the full budget for FY 2025 was extended from the previous year’s levels due to a continuing resolution.
What a mess.
This is their idea of “efficiency?”