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US govt records $215 bn budget deficit in Feb as revenues fall, outlays up

The deficit for the fiscal year, which began in October, was $391 billion, compared to a deficit of $351 billion in the same period of fiscal 2017

Reuters  |  Washington 

The US government had a $215 billion budget shortfall in February as revenues into the government's coffers fell and outlays increased, the Treasury Department said on Monday. That compared with a budget deficit of $192 billion in the same month last year, according to Treasury's monthly budget statement. Economists polled by Reuters had forecast the Treasury recording a $216 billion deficit last month. The deficit for February was not affected by timing-related transactions. The deficit for the fiscal year, which began in October, was $391 billion, compared to a ...

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First Published: Tue, March 13 2018. 07:32 IST
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