US budget deficit grew slightly in first four months of FY 2015
[WASHINGTON] The Congressional Budget Office on Friday estimated a US$195 billion US budget deficit for the first four months of the current fiscal year, up from US$183 billion in the same period last year.
The CBO said the US$12 billion increase in the deficit for the October-January period was largely driven by lower payments to the US Treasury this year from government-controlled mortgage finance groups Fannie Mae and Freddie Mac compared to the prior year period.
Both receipts and outlays were up by about 8 per cent, the non-partisan budget agency said.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sunak says UK to raise defence spending amid global threats
China’s central bank hints it may add treasury bond trades to policy toolkit
US business activity cools in April; inflation measures mixed
India’s inflation at risk from extreme weather, geopolitical issues: central bank
Thailand to replace military-appointed Senate, reduce its powers
Bankers lose hope of London IPO revival for another year