April 11, 2018 / 6:24 PM / a year ago

U.S. government posts $209 billion deficit in March

FILE PHOTO: People walk by the U.S. Capitol building in Washington, U.S., February 8, 2018. REUTERS/ Leah Millis

WASHINGTON (Reuters) - The U.S. government ran a $209 billion budget deficit in March as outlays grew and receipts fell, the Treasury Department said on Wednesday.

That compared with a budget deficit of $176 billion in the same month last year, according to Treasury’s monthly budget statement.

Economists polled by Reuters had forecast the Treasury recording a $194 billion shortfall last month.

When accounting for calendar adjustments, the deficit last month was $165 billion compared with an adjusted deficit of $134 billion in the same month in the prior year.

The deficit for the fiscal year, which began in October, was $600 billion, compared to a deficit of $527 billion in the same period of fiscal 2017.

Unadjusted receipts last month totaled $211 billion, down 3 percent from March 2017, while unadjusted outlays grew to $420 billion, up 7 percent from the same month a year earlier.

Reporting by David Lawder and Lindsay Dunsmuir; Editing by Chizu Nomiyama

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below