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11.06.2015 08:35 U.S. federal budget declines to $82.4 billion in May

 

The U.S. Treasury Department released its federal budget data on Wednesday. The budget deficit declined to $82.4 billion in May, down from a deficit of $130 billion in May 2014. Analysts had expect a decline to $98 billion.

 

 

The budget deficit declined as revenue was higher than expenses.

 

 

Receipts in May rose 6% from the same period last year, while outlays declined 11% from the same period last year.



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