The federal government ran a $27.5 billion deficit in December, the Treasury Department reported Thursday.

The December deficit was larger than the median $21.0 billion deficit predicted by economists polled by Thomson Reuters.

Outlays in December totaled $346.720 billion. Receipts totaled $319.204 billion.

In December 2015, the government ran a $14.4 billion deficit.

For the fiscal year to date, the government has a $208.359 billion deficit, compared to a $215.551 billion deficit for the similar period on fiscal 2016.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.