The U.S. Treasury reported a budget surplus in June, driven in large part by a surge in tariff revenue, thanks to President Donald Trump’s America-first trade policies. The surplus offers a clear reminder that strategic tariffs can strengthen the nation’s bottom line while prioritizing domestic industries and American jobs.
In June, the U.S. Treasury reported a budget surplus of just over $27 billion, a sharp turnaround from the $316 billion deficit recorded in May. The jump in revenue was partly fueled by a rise in tariff collections, helping drive a 13 percent increase in overall receipts compared to the same month last year. Meanwhile, government spending in June fell 7 percent. So far this fiscal year, which ends on September 30, the deficit stands at $1.34 trillion, about 5 percent higher than at the same point last year. However, when accounting for calendar adjustments, the deficit has actually dipped by about 1%. Year-to-date, federal revenues are up 7 percent, while spending has increased by 6 percent. As a result, rising revenue from tariffs is helping to strengthen the government's financial position.
NEW: Tariff revenues grew to a record $27.2 billion in June — producing a $27 billion federal budget SURPLUS for the month. pic.twitter.com/X2jJzb2GPS
— Rapid Response 47 (@RapidResponse47) July 11, 2025
The U.S. government surprised observers by posting its first budget surplus in over nine years this June, defying expectations of another monthly deficit.
BREAKING: US governments shocks with a budget surplus in June, 1st in 9+ years and defying deficit expectations
— End Wokeness (@EndWokeness) July 11, 2025
🟢June 2025: $26 billion surplus
🔴June 2024: $71.5 billion deficit
🔴June 2023: $227.7 billion deficit
🔴June 2022: $88.81 billion deficit
🔴June 2021: $174.16…
The last time the government posted a June surplus was in 2017, during President Trump's first year in office.
Customs duties generated approximately $27 billion in June, up from $23 billion in May, representing a 17 percent increase compared to June 2024. Over the past year, total tariff revenue has reached $113 billion, representing an 86 percent increase from the previous year. According to the Treasury Department, calendar adjustments played a key role in June’s results—without them, the month would have posted a $70 billion deficit.
Join the conversation as a VIP Member