October fiscal spending in the United States exceeds expectations with a deficit of $284.4 billion

The latest US Treasury data reveals a more complex budget outlook than previously anticipated. The budget deficit recorded in October reached $284.4 billion, significantly higher than the market projections of $235.05 billion.

This negative deviation reflects an expansive spending pattern during the period. The total expenditure for the month amounted to $689 billion, while tax revenues stood at $404 billion, setting a new October record in terms of revenue collection.

A particularly notable figure pertains to tariffs. Net tariff revenue in October reached $31.4 billion, marking another unprecedented record for this month. This figure represents a dramatic increase compared to the $7.3 billion recorded in the same period last year, demonstrating over 300% year-over-year growth.

Compared to last year, October’s deficit also exceeds the $257 billion recorded in the same month. These numbers highlight the expanding trajectory of public spending in October, regardless of increases in tariff revenue, continuing to fuel discussions about medium-term fiscal sustainability.