Due to the decline in customs duties, the U.S. budget deficit rises to $164 billion in March.

The U.S. Department of the Treasury announced on Friday that the federal budget deficit rose to $164 billion in March. This increase, which represents a 2% rise compared to last year, is due to higher tax refunds for individuals and businesses, as well as a decline in customs revenues. Customs revenues saw a notable decrease to $22.2 billion, following the Supreme Court's decision to cancel the broad tariffs imposed by President Donald Trump under the emergency law. Payments for relief to farmers also contributed to the increase in expenditure burdens, which totaled $549 billion for the month. Read also: Billions Draining Away: Egypt Faces Annual Losses of 365 Billion Pounds Due to War Despite the start of the conflict with Iran, the data has not yet recorded significant jumps ...