US budget deficit narrows in October-December, as tariffs boost revenueWASHINGTON, United States, Jan 14, 2026 (BSS/AFP) - Boosts in revenue from taxes and tariffs narrowed the US budget deficit in the October to December period from the year before, Department of Treasury data showed on Tuesday. The deficit shrank by 15 percent from the prior fiscal year, from $711 billion to $602 billion. Overall revenue climbed by 13 percent to $1.2 trillion, while spending rose by two percent overall to $1.8 trillion. The leap in duties collections was primarily due to higher tariffs, the official said. But critics warn that whether the revenues are fully realized depends on how the economy reacts to higher duties.

Source: Bangladesh Sangbad Sangstha January 14, 2026 09:10 UTC