U.S. government deficit in May larger than expected
The federal government ran a $146.8 billion deficit in May, the Treasury Department reported Tuesday.
Outlays in May totaled $363.871 billion. Receipts totaled $217.075 billion.
In May 2017, the government ran an $88.4 billion deficit.
Economists polled by IFR Markets predicted a $144.0 billion deficit.
In April, the government ran a $214.3 billion surplus.
For the fiscal year to date, the government has a $532.2 billion deficit, compared to a $432.9 billion deficit for the similar period in fiscal 2017.