The US budget’s June deficit was 17 percent lower than a year earlier.
The US Treasury said Thursday that the deficit was $ 74.858 billion, 17 percent lower than the $ 90.233 billion deficit a year earlier. Experts reported a higher June deficit of $ 98.2 billion.
Last month, budget revenue declined 6.6 percent to $ 316,278 billion, and its release dropped by 8.8 percent to $ 391,136.
In the United States, the new fiscal year began in October. The October-September cumulative deficit shrank by 16.1 percent to $ 607,099 billion.
In nine months, revenue grew 1.3 percent, to $ 2508 billion, and expenditure rose 3.9 percent to $ 3031 billion.
The Congressional Budget Office (CBO) expects a $ 793 billion deficit in the current fiscal year, 19.1 percent more than a year earlier.
By the end of September, the US budget was $ 665.826 billion a year, 13.3 percent higher than the previous year. The GDP-proportionate deficit grew from 3.2 per cent to 3.5 per cent.
Last year, in 2001, the US budget was closed yearly. The biggest deficit was in 2009, at $ 1410 billion, equivalent to 9.8 percent of GDP.