The US federal budget deficit was $696 billion in the first four months of fiscal 2025-26, which began in October last year, the Congressional Budget Office estimates.
This was $143 billion less than the deficit recorded during the same period in the last fiscal.
Revenues rose by $189 billion, or 12 per cent, and outlays were $45 billion, or 2 per cent, higher during the four months.
This was $143 billion less than the deficit recorded during the same period in the last fiscal.
Revenues rose by $189 billion, or 12 per cent, and outlays were $45 billion, or 2 per cent, higher during the four months.
