US Records $27 Billion Fiscal Surplus in June from Tariff Revenue... Expected to Increase Significantly

[Financial News] The US recorded a fiscal surplus exceeding $27 billion (approximately 37 trillion 219.5 billion won) in June. This figure is nearly four times the amount compared to the same period last year.
According to the US CNBC website and others on the 13th, the US Treasury Department's monthly report released on the 11th showed that the federal government's total revenue in June was $526 billion (approximately 725 trillion 617 billion won), exceeding expenditures of $499 billion (approximately 688 trillion 370.5 billion won), resulting in a surplus of $27 billion (approximately 37 trillion 246.5 billion won). June's total revenue increased by 13% compared to the previous year, marking the highest monthly figure on record.
This surplus amount matches the revenue collected from tariffs.
Treasury Secretary Scott Besant claimed on social media platform X that this was a result of President Donald Trump's tariff policy. Secretary Besant stated, "While President Trump is fighting to reclaim America's economic sovereignty, tariff revenue has reached a record high."
He continued, "The fear-mongering about tariffs and inflation by the Democrats and the media is baseless," asserting that "import prices are falling much faster than the overall price of goods this year."
Secretary Besant predicted that by the end of the year, US tariff revenue would increase to at least $300 billion (approximately 413 trillion 850 billion won).
Although President Trump's aggressive tariff policy is criticized by those who fear it will damage relations with allies, fiscal watchdogs positively evaluate his tariff policy as a way to address the rapid increase in the US deficit.
Republican lawmakers expect tariffs to help offset the costs of permanently extending several policies, including the 2017 Tax Cuts and Jobs Act, as part of "One Big Beautiful Bill Act (OBBBA)."
whywani@fnnews.com Chaewan Hong Reporter