TeleTrade - Analytics

    TeleTrade

    772.50 6.50/10
    81% of positive reviews
    Real

    16.10.2015 08:32 U.S. budget deficit turns to a surplus of $91.0 billion in September

    The U.S. Treasury Department released its federal budget data on Thursday. The budget deficit turned to a surplus of $91.0 billion in September, up from a deficit of $64.4 billion in August.

     

    In the fiscal year 2015, which ends at September this year, the budget deficit totalled $439 billion, down $44 million from 2014. It was the lowest level since 2007.

     

    The deficit totalled 2.5% of gross domestic product (GDP).

     

    Spending rose 5% in the fiscal year 2015, while individual income-tax receipts jumped by 11%, and corporate tax revenues climbed by 7.2%.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree