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- ⚠️US budget deficit improved in Fiscal Year 2025
⚠️US budget deficit improved in Fiscal Year 2025
However, October is set to get substantially worse
🔥🔥 GLOBAL MARKETS INVESTOR PORTFOLIO — UP 60% SINCE JANUARY 2024 DURING THE MARCH-APRIL 2025 MARKET TURMOIL, MAJOR US INDEXES FELL NEARLY 20%, WHILE THE GMI PORTFOLIO GAINED OVER 5%, FIND OUT HOW BELOW:
The US government recorded a $1.78 trillion budget deficit for Fiscal Year 2025, the 5th-highest in history, slightly improving from 2024 and 2023.

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This comes as total government spending reached $7 trillion, while receipts hit $5.2 trillion.

The improvement was driven by September’s budget surplus of $198 billion, the 4th-largest in history.

September, typically a strong month, was lifted by record tariff receipts of $29.7 billion, but the improvement was largely due to calendar effects, with delayed government outlays likely to make October’s numbers much worse.

Meanwhile, gross interest expense reached $1.22 trillion over the last 12 months, the highest in history, and remains the 2nd-largest government outlay, just ~$400 billion below total Social Security spending.

Even with record tariff inflows, the US is spending ~23 cents of every Dollar of revenue on interest alone, In other words, debt service is the biggest fiscal threat.

Lastly, total federal debt reached $37.9 trillion, an all-time high, rising $400 billion only in October. At this rate, total debt will hit a massive $40 trillion by March 2026.

Gold is clearly loving it.
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