US Budget Deficit Widens in March

The U.S. budget deficit was $52.9 billion at the end of March, down 43 percent compared with a $37 billion gap a year earlier as spending increased more than receipts.

Receipts for March were at $234 billion, up 8 percent from a year ago, bringing the year-to-date total receipts to $1419.8 billion. Outlays totaled $287 billion, up 14 percent from last year, for a year-to-date total of $1859.3 billion.    

The fiscal year-to-date deficit at the end of March was $439.5 billion.  

March's budget results were affected by differences in the calendar. If adjusted for timing-related transactions, the budget deficit would have been higher at $89 billion.

US Budget Deficit Widens in March

Joana Taborda |
4/13/2015 7:41:40 PM