WASHINGTON – The federal government’s budget deficit was $86.0 billion in December, up $8 billion or 10% from the $78.1 billion deficit a year ago, the Treasury Department reported Thursday.
Processing Content
The December deficit is higher than the median $82.5 billion estimated by economists polled by Thomson Reuters.
Outlays totaled $325.9 billion, $11 billion or 3.5% more than the $315.0 billion in December 2010. Receipts were $240.0 billion, $3 billion or 1.3% higher than the $236.9 billion a year ago.
In November, Treasury reported a $137.3 billion budget deficit as outlays totaled $289.7 billion and receipts were $152.4 billion.
