Off The Wire
U.S. government posts $33 billion budget deficit in January
WASHINGTON (Reuters) - The U.S. government recorded a $33 billion budget deficit in January, the Treasury Department said on Wednesday.
That compared to a budget surplus of $9 billion in the same month a year earlier, according to the Treasury’s monthly budget statement.
Analysts polled by Reuters had forecast an $11.5 billion deficit for last month.
Unadjusted receipts last month totaled $372 billion, up 10% from January 2019, while unadjusted outlays were $405 billion, a jump of 22% from the same month a year earlier.
When adjusted for calendar effects, the deficit for January was $200 million compared with an adjusted deficit of $12 billion in January of last year.
Reporting by Lindsay Dunsmuir; Editing by Paul Simao