U.S. government posts $9 billion surplus in January
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FILE PHOTO: A security guard walks in front of an image of the Federal Reserve following the two-day Federal Open Market Committee (FOMC) policy meeting in Washington, DC, U.S. on March 16, 2016. REUTERS/Kevin Lamarque
WASHINGTON (Reuters) - The U.S. federal government posted a $9 billion surplus in January, according to data released on Tuesday by the Treasury Department.
Analysts polled by Reuters had expected a $25 billion surplus for the month.
The Treasury said federal spending in January was $331 billion, up 6 percent from the same month in 2018, while receipts were $340 billion, down 6 percent compared to January 2018.
The deficit for the fiscal year to date was $310 billion, compared with $176 billion in the comparable period the year earlier.
When adjusted for calendar effects, the budget was in balance in January 2019, compared with a $30 billion surplus the prior year.
(Reporting by Andrea Ricci)
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