The U.S. state budget deficit in June amounted to $227.768 billion, which is 2.6 times higher than the figure for the same month last year ($88.842 billion), the country’s Treasury Department reported.
Budget revenues fell 9.2% to $418.317 billion.
Expenditures increased 17.6% to $646.085 billion.
For the first nine months of fiscal year 2023, which began Oct. 1, the U.S. budget deficit was $1 trillion 392.64 billion, down from $515.067 billion a year earlier.
The volume of revenues in the U.S. budget since the beginning of the current fiscal year decreased by 11% to $3.413 trillion, while expenditures increased by 10% to $4.805 trillion.
As previously reported, the negative balance of the U.S. state budget at the end of 2022 fiscal year halved and amounted to $1.375 trillion.
A record deficit of $3.1 trillion was recorded in the country at the end of fiscal year 2020. The last time the U.S. budget was in surplus was in 2001.
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