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U.S. government posts $8 billion deficit in June

Published 07/11/2019, 02:10 PM
Updated 07/11/2019, 02:16 PM
U.S. government posts $8 billion deficit in June

WASHINGTON (Reuters) - The U.S. government posted an $8 billion budget deficit in June, according to data released on Thursday by the Treasury Department.

Analysts polled by Reuters had expected a $6.35 billion deficit for the month.

The Treasury said federal spending in June was $342 billion, down 12% from the same month in 2018, while receipts were $334 billion, up 6% compared with June 2018.

The deficit for the fiscal year to date was $747 billion, compared with $607 billion in the comparable period the year earlier.

When adjusted for calendar effects, the deficit for June was $55 billion compared with an adjusted deficit of $30 billion in June 2018. Calendar adjustments had little effect on the year to date figures.

Latest comments

The amount of money borrowed. How much longer. No Govt nor its currencies ever lasted thru the centuries. Not one.
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