U.S. Budget Deficit – December 2016
The federal budget deficit was $28 billion in December 2016, compared with $14 billion in December 2015. Receipts came to $319 billion in December 2016, a nine percent decline from one year earlier. Outlays were at $347 billion, five percent lower than the same month a year earlier.
The FY 2017 YTD deficit is $208 billion. At the same point during FY 2016, the deficit was $216 billion. The U.S. deficit for the 2016 calendar year was $580 billion.
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Source: Reuters
Last Updated on January 14, 2017 by Ramin Seddiq