美国财政部近日公布数据显示，自特朗普总统上任以来，联邦支出增长呈现下降趋势。与前一任期同期相比，2024年第二季度联邦支出同比增长7.1%，随后在第三季度加速至28.5%，第四季度为10.9%。过渡期2025年第一季度，支出同比增长8.5%。然而，进入2025年下半年，支出增长显著放缓，第二季度仅增长0.2%，第三季度甚至出现2.5%的下降。财政部官员指出，尽管年度预算赤字（2025财年为1.77万亿美元）有所改善，但更重要的是年度内的支出趋势。官员强调，前政府执政末期的支出增长是导致去年巨额赤字的主要原因，为特朗普政府留下了财政挑战。财政部长表示，目标是控制支出稳定甚至下降，并实现经济增长，以降低赤字占GDP的比率。

📊 **联邦支出增长放缓**：数据显示，自特朗普总统上任以来，联邦支出增长率较前一任期已显著放缓。虽然在2024年第三季度曾出现短暂加速，但2025年下半年的数据显示出明显的下降趋势，第三季度甚至出现负增长，表明财政支出正在得到控制。

📉 **年度预算赤字改善**：2025财年的年度预算赤字为1.77万亿美元，比前一年减少了410亿美元。财政部官员强调，尽管这个数字本身是积极的，但更值得关注的是年度内的支出结构性改善，这为未来的财政健康奠定了基础。

⚖️ **财政责任的转移**：财政部官员指出，前政府执政末期的支出激增对当年的赤字造成了显著影响，并在一定程度上“拖累”了特朗普政府的财政表现。这种说法旨在说明当前赤字改善的成绩来之不易，并强调了财政政策的连续性及其对新政府的影响。

📈 **目标与展望**：财政部长表示，未来的目标是将支出保持稳定甚至下降，同时实现至少5%的名义经济增长，以进一步降低赤字占GDP的比率。理想情况下，希望将该比率降至低5%甚至4%的区间，并最终达到可持续的3%水平。

The Treasury Department is touting progress in lowering federal spending since President Donald Trump returned to the White House in January.

Treasury officials are touting data showing a decline in year-over-year federal spending growth relative to the final full year of the Biden administration. The Trump administration's data shows federal spending was up 7.1% year over year in the second quarter of 2024, before accelerating to 28.5% in the third quarter and 10.9% in the fourth quarter.

In the first quarter of 2025, when the transfer of power between the Biden and Trump administrations occurred, spending was up 8.5% year over year. That slowing trend continued in the last two quarters, with federal outlays up just 0.2% in the second quarter of 2025 and outlays falling 2.5% in the third quarter of the year, according to the Treasury.

"While the full year's budget deficit was a positive surprise, coming in at $1.77 trillion for fiscal year 2025, or $41 billion below the previous year, the figure does not capture the dramatic intra-year improvement, particularly for federal outlays," said Joe Lavorgna, counselor to Treasury Secretary Scott Bessent.

NATIONAL DEBT SURPASSES $38 TRILLION MILESTONE FOR FIRST TIME IN US HISTORY AS SPENDING SURGES

Lavorgna added that the "underlying trends point to more significant improvement in U.S. finances immediately ahead."

He added that the "last two quarters of Biden's term accounted for an astounding 74% of last year's budget deficit," which "effectively saddled President Trump with a large deficit for the fiscal year" given that the fiscal year was half over when he took office.

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Bessent appeared on FOX Business Network's "Kudlow" Wednesday and discussed the reduction in the budget deficit and federal spending since Trump took office.

"Contrary to what everyone said, for the fiscal year last year, we had a lower deficit than we did in the previous fiscal year," Bessent said.

"Warren Buffett says, "When people ask you how do you lose weight, you eat less, exercise more.’ How do you control the budget deficit? You spend less or control spending and grow more," Bessent added.

US DEBT SET TO SURGE TO 120% OF GDP AS FEDERAL DEFICITS SPIRAL OVER NEXT DECADE UNDER NEW PROJECTIONS

"If we can keep the spending flat to down and grow at least a nominal 5%, maybe higher than our deficit to GDP," Bessent said. 

"It ended the fiscal year with a five in front of it, down from the 6.4%, 6.5% which was the worst when we weren't in a recession, weren't at war, and I think we could make substantial progress again.

"I would hope we could be in the low fives or something with a four in it for next year."

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Bessent has previously said he would like to see the deficit to GDP ratio at around 3%, which would be a more sustainable level than what has transpired in recent years.