Washington: The US Treasury Department announced on Tuesday that the government recorded a budget deficit of $145 billion in December 2025, an increase of 67 percent, or $58 billion, compared to the previous year.

According to National Iraqi News Agency, a report by the Department of Commerce showed that revenue growth from tariffs imposed by President Donald Trump may have plateaued, with net customs revenue for December totaling $27.9 billion. This is down from the $30 billion range of recent months, but significantly higher than the $6.8 billion recorded in December 2024.

Net customs revenue for the first three months of fiscal year 2026, which began on October 1, totaled $90 billion, compared to $20.8 billion for the same period of the previous year.