Oddbean

U.S. June budget deficit shrinks to $66 billion after calendar shifts ========== The U.S. government recorded a $66 billion budget deficit for June that was reduced sharply by a shift of benefit payments into May that ballooned that month's deficit to $347 billion. Without the June calendar adjustments in both years, the June 2024 deficit would have been $159 billion, up 3% or $5 billion from the year-ago gap. June receipts were $466 billion, up 11% from June 2023. June outlays fell 18% to $532 billion, but without the calendar adjustments, the outlays would have been up 11% to $625 billion. For the first nine months of the 2024 fiscal year, the U.S. deficit fell 9% to $1.268 trillion from $1.393 trillion in the same period of fiscal 2023. Year-to-date receipts were up 10% to $3.754 trillion, while outlays for the period were up 5% to $5.022 trillion. https://www.investing.com/news/economy-news/us-june-budget-deficit-shrinks-to-66-billion-after-calendar-shifts-3516185