September 11, 2015 / 6:08 PM / 2 years ago

U.S. budget deficit narrows to $64 billion in August

A red traffic light stands in front of the U.S. Capitol building in Washington September 30, 2013James Lawler Duggan

WASHINGTON (Reuters) - The United States posted a budget deficit of $64 billion in August, down about 50 percent from the same period last year, the Treasury Department said on Friday.

A Treasury official said the August deficit was smaller this year mostly due to $42 billion in payments that were shifted into last month from July.

Accounting for calendar adjustments would leave the August deficit at $112 billion, roughly the same level as in August 2014.

The current fiscal year-to-date deficit stood at $530 billion at the end of last month.

Receipts in August totaled $211 billion, while outlays stood at $275 billion.

Reporting by Jason Lange; Editing by Paul Simao

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