Bessent says deficit fell to 5.7% of GDP in 2025, cites temporary tariff refunds as factor.
“You know, we we had we were at about 5.7% of GDP. And one of the things that's temporary here that's influencing the deficit has been these tariff refunds.”
Bessent says 2025 showed fiscal consolidation at 5.7% of GDP, with tariff refunds temporarily inflating the deficit.
“We actually had a fiscal consolidation for the calendar year 2025. You know, we we had we were at about 5.7% of GDP.”