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June’s US budget deficit of $240.348 billion surpasses all predictions

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The US Treasury Department report showed that the US budget deficit in June amounted to $227.768 billion, compared with a deficit of $240.348 billion in May.

Analysts polled by DailyFX believe the US budget deficit will be $175 billion.

In July 2022, the US budget deficit was $88.842 billion.

The ministry’s report indicated that U.S. government spending rose 17.6% year-on-year last month to $646.085 billion, while revenues fell 9.2% to $418.317 billion.

Source: News

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