Market Updates
U.S. Deficit Widens in June, 9-month Shortfall Declines 6.7%
Arjun Dave
12 Jul, 2012
New York City
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The Treasury Department said June deficit widened 38.7% to $59.7 billion. Revenues increased 4.2% and expenditures increase 9.3%. For the first nine months, the deficit declined 6.7% to $904.2 billion.
[R]4:05 PM New York – The Treasury Department said June deficit widened 38.7% to $59.7 billion. Revenues increased 4.2% and expenditures increase 9.3%. For the first nine months, the deficit declined 6.7% to $904.2 billion.[/R]
U.S. government said its June budget deficit widened by 38.7% to $59.7 billion from a $43.1 billion a year ago month. Revenues in the month increased 4.2% to $260.2 billion and expenditures jumped 9.3% to $319.9 billion.
The deficit increased after July social security payments were shipped in the month of June due to the July 4 holiday.
In the first nine months of the fiscal year that started in October, the deficit narrowed to $904.2 billion from $970.5 billion in the same period a year ago.
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