U.S. federal budget declines to $82.4 billion in May

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11 junio 2015

U.S. federal budget declines to $82.4 billion in May

The U.S. Treasury Department released its federal budget data on Wednesday. The budget deficit declined to $82.4 billion in May, down from a deficit of $130 billion in May 2014. Analysts had expect a decline to $98 billion.

The budget deficit declined as revenue was higher than expenses.

Receipts in May rose 6% from the same period last year, while outlays declined 11% from the same period last year.

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