Overview
- Treasury data show February receipts at $313 billion and outlays at $621 billion, both up $17 billion from a year earlier.
- Customs duties have surged to $151 billion through five months, up about 294% year over year, with February net customs at $26.6 billion.
- The recent Supreme Court decision invalidating many IEEPA-based tariffs has not yet appeared in the cash figures, and CBP stopped assessing those duties on February 24.
- Corporate tax revenue fell by about $27 billion, or 17%, from a year earlier, and tariff collections have exceeded corporate receipts so far this fiscal year.
- Net interest payments totaled roughly $79 billion in February, and timing shifts from the calendar complicated direct year-over-year comparisons.