US Budget Deficit Narrows More Than Expected in November


The United States budget deficit declined by 58 percent to $56.8 billion in November of 2014 as compared to a $182.5 billion gap a year earlier as spending fell and receipts increased.

In November, receipts totaled $191.4 billion, up 4.8 percent from the same period a year ago while outlays totaled $248.3 billion, down 21.8 percent.

The budget results were affected by differences in the calendar as some payments went out in October this year rather than November. 

US Budget Deficit Narrows More Than Expected in November


Treasury Department | Joana Taborda | joana.taborda@tradingeconomics.com
12/10/2014 7:29:40 PM