Forex News: 12.04.2007 Federal budget deficit rises 13% to $96 billion
The U.S. federal spent more money in March than in any other month ever. The federal budget deficit widened to $96.3 billion in March, compared with $85.3 billion last March, the government said.Halfway through the fiscal year, the budget deficit has totaled $258.4 billion, down about 15% from the same period a year ago. The improvement largely reflects lower spending on hurricane relief.
Receipts rose about 1% year-over-year in March to $166.5 billion, while outlays rose about 5% to a record $262.7 billion, the Treasury said.
posted by Kalin Tasev @ 3:14 AM
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