US GOVERNMENT BUDGET DEFICIT SHRINKS

The U.S. government posted a deficit of $US147.9 billion in August, according to the latest monthly budget statement just released by the Treasury Department.
Economists expected the Treasury to report a slightly smaller August deficit of $US146 billion.

Government spending outlays were $US333 billion, while receipts were $US185 billion.

This month’s deficit is down 22% from last year’s August deficit of $US190.5 billion.

In July, the Treasury posted a deficit of $US97.6 billion.

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