U.S. government posts $113 billion deficit in July
- Donald Trump Sworn in as 45th U.S. President
- Wall Street ends higher as Trump becomes president
- Walgreens Boots Alliance (WBA) Said to Face Antitrust Concern for Rite Aid (RAD) Fix - Bloomberg
- Bristol-Myers Squibb (BMY) Says It Won't Pursue Accelerated U.S. Regulatory Pathway for Opdivo Plus Yervoy in Lung Cancer
- Apple (AAPL) Sues Qualcomm (QCOM) Over Patent Royalties in Antitrust Case - Bloomberg
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.
WASHINGTON (Reuters) - The U.S. government posted a $113 billion budget deficit in July, a 24 percent drop from the same month last year, the Treasury Department said on Wednesday.
The government had a deficit of $149 billion in July 2015, according to Treasury's monthly budget statement.
Analysts polled by Reuters had expected a $113 billion deficit for last month.
When accounting for calendar adjustments, July would have shown a $101 billion deficit compared with an adjusted $107 billion deficit in the same month in 2015.
The fiscal year-to-date deficit was $514 billion through July, up 10 percent from a $466 billion deficit at the same time last year.
On an adjusted basis, the fiscal year-to-date gap was $505 billion last month. That compared with $423 billion at the same time last year.
Receipts last month totaled $210 billion, a 7 percent decrease from July 2015, while outlays stood at $323 billion, a 14 percent fall from the same month a year ago.
(Reporting by Lindsay Dunsmuir; Editing by Paul Simao)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Gambia's Jammeh arrives at Banjul airport after stepping down
- Trump to meet with British Prime Minister May next week: White House
- Former U.S. President George H.W. Bush's health improves
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!