- US: Government swings to fiscal surplus in August
Market news
13 September 2023
US: Government swings to fiscal surplus in August
The US government recorded a budget surplus of $89 billion in August 2023, as reported by the Treasury Department. Total receipts for the month amounted $283 billion, while outlays stood at $198 billion, marking the lowest monthly figure in over two years.
With one month remaining in Fiscal Year 2023, the accumulated deficit reached $1.5 trillion, compared to the $1.3 trillion deficit recorded in FY 2022.
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