The US budget has a deficit of $ 134 billion
10:42 - 14/11/2019
announced that the US Department of the Treasury, the budget of the US government deficit totaled $ 134 billion in October / October, the first month of the new fiscal year.
By comparison, the budget deficit was $ 100 billion in the same month last year, according to the Treasury's monthly budget statement.
Analysts polled by Reuters had expected a deficit of $ 133 billion for the month.
Unaudited revenue was $ 246 billion last month, down 3% from October 2018, while unadjusted expenditure was $ 380 billion, up 8% from the same month a year earlier.
The US government's fiscal year ends in September each year. The fiscal year 2019 saw the deficit widen to $ 984 billion, the largest in seven years, as a result of the Trump administration's decision to cut taxes and increase government spending. Done / 25