US October Budget Deficit Widens Slightly Above Expectations


The United States government budget deficit widened to USD 63.2 billion in October 2017 from USD 45.8 billion in the same month of the previous year, and slightly above market expectations of USD 62.0 billion. 

In October of 2017, outlays jumped 11.6 percent year-on-year to USD 299 billion, as medicare outlays accounted for USD 25 billion; interest on debt for USD 28 billion; defense outlays for USD 60 billion; social security for USD 80 billion; and other outlays for USD 105 billion.

Meanwhile, receipts increased 6.2 percent to USD 235 billion as individual income taxes accounted for USD 128 billion; social security for USD 84 billion; other taxes and duties for USD 20 billion and corporate income taxes for USD 4 billion.

Accounting for calendar differences, the deficit widened to USD 116 billion from USD 86 billion in the same month of 2016.


US October Budget Deficit Widens Slightly Above Expectations


Mario | mario@tradingeconomics.com
11/13/2017 7:55:23 PM