The US deficit in March expanded to $164 billion, as tax refunds and farmer aid increased expenditures.

The U.S. Department of Treasury stated that due to the new individual and corporate tax relief policies, tax refunds have significantly increased. In addition to this, there has also been an increase in assistance funds for farmers. The federal government's budget deficit in March increased by $40 billion compared to the same period last year, representing a 2% increase, reaching $164 billion.