POST Online Media Lite Edition



 

U.S. posts $108 billion budget deficit in March

Staff writer |
The U.S. government posted a $108 billion budget deficit in March, more than double the amount from the same period last year, the Treasury Department said.

Article continues below






The government had a deficit of $53 billion in March of 2015, according to the Treasury's monthly budget statement. Accounting for calendar adjustments, March would have shown a $102 billion deficit compared with an adjusted $89 billion deficit in March 2015.

The current fiscal year-to-date deficit was $461 billion, up 5 percent from a $439 billion deficit this time last year.

Receipts last month totaled $228 billion, while outlays stood at $336 billion.


What to read next

Brazil has lost 104,600 jobs in February
Number of job vacancies in Estonia up 3% in Q3
Saudi jobless rate hits new high since 2012