AI Data Insight
The YoY growth rate of US government revenue in Q2 (May) 2026 was -5.83%. Although the decline narrowed compared to the previous -9.62%, it has now posted negative growth for three consecutive months. Affected by the Supreme Court ruling that certain tariffs were illegal and the subsequent initiation of massive tax refunds, net customs revenue saw a rare turn to negative, further dragging down overall Treasury receipts. Under the dual pressure of record-high interest expenses and declining revenue, the US budget deficit and debt issuance pressure continue to expand.