The federal government ran a $107.7 billion deficit in August, the Treasury Department reported Thursday.

Outlays in August totaled $334.000 billion. Receipts totaled $226.311 billion.

Economists polled by IFR Markets predicted a $121.7 billion deficit.

In August 2016, the government ran a $107.1 billion deficit.

In July, the government ran a $42.9 billion deficit.

For the fiscal year to date, the government has a $673.7 billion deficit, compared to a $619.1 billion deficit for the similar period in fiscal 2016.

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Gary Siegel

Gary Siegel

Gary Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.