Macroeconomic News

U.S. budget deficit narrows to $69.6 bln in July from year ago

Fri, 10th Aug 2012 19:20

WASHINGTON, Aug 10 (Reuters) - The monthly U.S. budget deficit shrank to $69.6 billion in July

from $129.4 billion in the same month a year ago, reflecting a rise in government receipts and a drop in spending.

The Treasury on Friday said receipts totaled $184.6 billion in July, up from $159.1 billion a year ago. Government outlays fell to $254.2 billion, from $288.4 billion a year ago.

(Reporting by Doug Palmer; Editing by Neil Stempleman)

Keywords: USA ECONOMY/BUDGET

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