According to recent Treasury Department data and multiple reputable sources, the U.S. Federal budget deficit in 2025 is larger than it was in 2024 at the same point in the fiscal year.
True
According to the Treasury Dept. The U. S. is running a larger deficit this year than it did last year.
The Current Federal Deficit and Debt
Source: pgpf.org
At a glance
Verified August 6, 2025Key Evidence
The Bipartisan Policy Center reports a 15% larger deficit at the same point in fiscal year 2025 compared to 2024.
bipartisanpolicy.orgbipartisanpolicy.orgDeficit Tracker
AP News states the budget deficit grew to $1.3 trillion in the first half of fiscal 2025, second highest on record.
apnews.comapnews.comUS budget deficit grows to $1.3 trillion, the second highest six-month level on...
The Peterson Foundation notes fiscal year 2025 deficits exceed last year's totals at three-quarters mark.
pgpf.orgpgpf.orgThe Current Federal Deficit and Debt
The reporting
What the Evidence Shows
The claim that the U.S. Is running a larger deficit this year compared to last year is supported by current fiscal data and analysis from authoritative sources. The Treasury Department's monthly statements and fiscal data confirm that the federal government’s spending continues to exceed its revenues, resulting in a growing deficit.
The Bipartisan Policy Center's Deficit Tracker notes that after adjusting for timing shifts, the deficit as of early 2025 is approximately 15% larger than at the same point in fiscal year 2024.
The AP News report from April 2025 highlights that the budget deficit reached $1.3 trillion in the first six months of fiscal 2025, marking it as the second highest six-month deficit on record.
The Peterson Foundation's analysis indicates that at three-quarters through fiscal year 2025, the annual deficit is already above last year's total to date, with federal debt continuing to rise relative to GDP.
While there was a budget surplus reported for April 2025 due to strong tax receipts, the overall year-to-date deficit remains above $1 trillion, indicating persistent fiscal imbalance.
These points collectively confirm that the U.S. Treasury Department's statement about a larger deficit this year compared to last year is accurate based on available data through mid-2025.
Primary trail
Verified Sources7
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