US public debt servicing costs climbed to a record monthly high in April, while higher military spending partly linked to the Middle East war weighed on the federal budget surplus, the monthly Treasury data showed.
The US Department of the Treasury reported a federal budget surplus of $215 billion in April, down $43 billion, or 17% year-on-year (YoY), partly due to higher tax refunds tied to new exemptions.
Gross interest payments on public debt rose 10% YoY to a record $112 billion in April.
For the first seven months of the fiscal year, total interest payments reached an all-time high of $734 billion, up $50 billion, or 7% YoY.
Meanwhile, customs revenue totaled $22.1 billion in April, roughly unchanged from March but above the $15.6 billion recorded in April 2025, when the Liberation Day tariffs, later overturned by the Supreme Court, were first introduced.
Military spending increased by $6 billion, or 10% YoY to $73 billion. A Treasury official told Reuters that part of the increase reflected costs related to the war with Iran.
US public debt servicing costs climbed to a record monthly high in April, while higher military spending partly linked to the Middle East war weighed on the federal budget surplus, the monthly Treasury data showed.
The US Department of the Treasury reported a federal budget surplus of $215 billion in April, down $43 billion, or 17% year-on-year (YoY), partly due to higher tax refunds tied to new exemptions.
Gross interest payments on public debt rose 10% YoY to a record $112 billion in April.
For the first seven months of the fiscal year, total interest payments reached an all-time high of $734 billion, up $50 billion, or 7% YoY.
Meanwhile, customs revenue totaled $22.1 billion in April, roughly unchanged from March but above the $15.6 billion recorded in April 2025, when the Liberation Day tariffs, later overturned by the Supreme Court, were first introduced.
Military spending increased by $6 billion, or 10% YoY to $73 billion. A Treasury official told Reuters that part of the increase reflected costs related to the war with Iran.
