Home›Bonds & Rates›Economy›US June federal budget deficit was $120 billion

US June federal budget deficit was $120 billion

The June result followed a May deficit of $239 billion, and it brings the year to date deficit to $1.367 trillion versus $1.337 trillion a year earlier.

Reported · Written up by our desk · Economy

The US federal budget deficit narrowed in June to $120 billion, versus an expected $138 billion, according to Forexlive.

The prior month, May, posted a deficit of $239 billion, while June of the prior year ended in a surplus of $108 billion.

Year to date, the deficit totals $1.367 trillion, compared with $1.337 trillion at the same point a year earlier.

Forexlive said June customs duties were negative $25.6 billion due to refunds, noting that those refunds can make the deficit look worse than the underlying trend, while also saying tariffs have not improved the overall picture.

More like this

Sources