April 10, 2014 / 6:08 PM / 4 years ago

U.S. March budget shrinks more than expected

U.S. President Barack Obama speaks at a Civil Rights Summit to commemorate the 50th anniversary of the signing of the Civil Rights Act at the LBJ Presidential Library in Austin, Texas April 10, 2014. REUTERS/Kevin Lamarque

WASHINGTON (Reuters) - The U.S. government last month posted a budget deficit of $37 billion, down from $107 billion in the same period last year, the U.S. Treasury Department said on Thursday.

Analysts polled by Reuters had expected a deficit of $78 billion.

The current deficit was affected by the monthly calendar timing. If adjustments were incorporated, Treasury said, the monthly deficit would have been $77 billion.

Reporting by Elvina Nawaguna, Editing by Andrea Ricci

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