• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

U.S. August budget deficit falls as revenues recover

September 13, 2021 by David Barret Leave a Comment

September 13, 2021

By David Lawder

WASHINGTON (Reuters) – The U.S. government on Monday posted a $171 billion budget deficit for August, 15% lower than the $200 billion gap a year ago, as recovery-driven tax receipts grew faster than outlays for COVID-19 pandemic relief programs, the Treasury Department said.

The August deficit was $2 billion less than the average forecast by analysts in a Reuters survey. A U.S. Treasury official said the August budget results would not alter the department’s estimates for when Treasury’s extraordinary financing measures to avoid breaching the $28.4 trillion debt limit would be exhausted.

U.S. Treasury Secretary Janet Yellen last week urged Congress to increase or suspend the debt limit, saying that “cash and extraordinary measures will be exhausted during the month of October,” leaving the government unable to fully pay its obligations.

Receipts in August rose 20% from the year-earlier period to $268 billion while outlays in the month were up 4% to $439 billion. Some $59 billion in August benefits were paid in July because the month started on a non-business day.

For the first 11 months of the 2021 fiscal year, the deficit totaled $2.711 trillion, down 10% from the $3.007 trillion for the same period last year, as revenues improved.

Year-to-date receipts rose 18% from the same period last year to $3.586 trillion, while outlays rose 4% to $6.297 trillion.

(Reporting by David Lawder; Editing by Paul Simao)

Source Link U.S. August budget deficit falls as revenues recover

David Barret
David Barret

Related posts:

  1. ‘Incredible fear’ among women across Afghanistan -U.N. official
  2. United employees receiving COVID-19 vaccine religious exemption face unpaid leave
  3. Mexican abortion ban punished poor women, top justice says
  4. Strong Acapulco quake aftershocks unnerve Mexican resort’s residents

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Hawaiian Volcanoes Have Erupted With Gold That Came From Earth’s Core
  • Why Do Some Australian Beaches Have Vinegar Stations?
  • 2-Year-Old Who “Loves A Challenge” Becomes Youngest Ever Member Of Mensa
  • How Bioacoustics Could Decode Howls And Give Us “A Peek Into The Language Of Wolves”
  • Ancient Inca Used A Mysterious String “Writing” System – And We’re Starting To Understand What It Said
  • In 2015, Over 200,000 Saiga Mysteriously Died In An Unprecedented Event: What Happened?
  • Vegans And Vegetarians Aren’t Who You Thought
  • How Does Tickling Work? We’ve Been Trying To Find Out For 2,000 Years
  • Watch Hawai’i’s Volcano Kilauea Shoot Lava 300 Meters Into The Sky
  • Scientists Propose Deliberately Infecting Another World With Life To See What Happens
  • Does The Human Brain Have A Finite Memory Capacity?
  • Record-Breaking Data Transmission Could Transmit Everything On Netflix In Less Than A Second
  • Some Spiders Are More Venomous Than Others – And We Now Know Why
  • Asia’s Other “Great Wall”: Very Unexpected Finds Unearthed At Mongolia’s Medieval Wall System
  • Divorce Doesn’t Hurt The Children – At Least If They’re Birds
  • Four Gorillas Rescued From Illegal Wildlife Trade Have Been Rewilded In The DRC
  • The “Gay Bomb” And Beyond: The US Military’s Wildest Non-Lethal Weapons Schemes
  • Hubble Tension Drama Continues: JWST Data In A Tug-Of-War Between The Two Camps
  • This 300,000-Year-Old Skull Doesn’t Match With Any Human Species
  • 4,000-Year-Old Syrian Baby Rattles Look Surprisingly Familiar
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version