WASHINGTON – The government ran a $34.5 billion deficit in September and ended the fiscal year with a $1.29 trillion deficit, down from last year’s annual deficit, the Treasury Department reported Friday.
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Monthly revenues totaled $245.2 billion and outlays totaled $279.7 billion. It was 24th consecutive monthly deficit.
For the fiscal year, receipts totaled $2.16 trillion, or 14.9% of gross domestic product, and outlays totaled $3.46 trillion, or 23.8% of GDP.
The 2010 deficit was 8.9% of GDP, down from 10.0% in fiscal 2009.
Economists expected the September budget deficit would be $35.0 billion, according to the median estimate from Thomson Reuters.
The August deficit was unchanged at $90.5 billion.
