The federal budget deficit narrowed 71% in March from a year earlier as pandemic spending declined, but borrowing costs moved higher
The U.S. Treasury Department says federal outlays in March fell by 45% from a year earlier, while receipts for the month rose by 18%.The federal budget ran a $193 billion deficit during March, a 71% decline from a year earlier, as the government took in more in tax and other revenue while spending edged lower despite higher interest costs on the public debt.
Federal outlays in March fell by 45% to $508 billion, the Treasury Department reported Tuesday, reflecting a sharp decline in pandemic-related spending. Government receipts for the month rose by 18% from a year earlier to $315 billion, not adjusting for calendar differences, the Treasury said.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Samsung wins 71 iF Design Awards, including three Gold Awards for its product designsThe tech giant won design awards for its Galaxy Z Flip 3, One UI 4, and Galaxy Buds 2
Lire la suite »
Food prices likely pushed India inflation to 16-mth high in MarchIndia's retail inflation likely sped up to a 16-month high of 6.35% in March, well above the Reserve Bank of India's upper tolerance band for a third straight month, in part due to a sustained rise in food prices, a Reuters poll found.
Lire la suite »
Horrific Bataan Death March commemorated on its 80th anniversaryHundreds gathered aboard the USS Hornet in Alameda to mark the milestone anniversary of the Bataan Death March in the Philippines.
Lire la suite »
March breaks record for most tornadoes in a single monthIt was a chaotic meteorological transition into spring as March saw the highest number of tornadoes in a single month in U.S. history.
Lire la suite »