AI Data Insight
The recently released US government fiscal revenue for May (Q2 2026) dropped to $335.512 billion, marking a significant retreat not only from the $837.34 billion peak during the traditional April tax season but also falling short of the $371.2 billion recorded in the same period last year. A detailed breakdown shows that a severe plunge in corporate income tax and tariff refunds reaching up to $22 billion were the main drivers of this month's revenue decline. Looking ahead, impacted by high national debt interest and the continuation of refund policies, the US fiscal deficit and debt issuance pressure in the short to medium term will remain elevated.