Date
21 January 2017
The current US fiscal year-to-date deficit stood at US$313.4 billion at the end of June, compared with US$365.9 billion a year earlier. Photo: Bloomberg
The current US fiscal year-to-date deficit stood at US$313.4 billion at the end of June, compared with US$365.9 billion a year earlier. Photo: Bloomberg

US posts US$51.8 bln budget surplus in June

The United States posted a budget surplus of US$51.8 billion in June, down 27 percent from the same period last year, Reuters reported, citing a statement from the US Treasury Department.

The current fiscal year-to-date deficit stood at US$313.4 billion at the end of last month compared with US$365.9 billion for the same period during the prior fiscal year.

Analysts polled by Reuters had expected a US$51 billion surplus last month. The government had a surplus of US$70.5 billion in June 2014.

The Treasury said the year-over-year changes to June were affected by calendar-related issues that resulted in some federal benefits being paid in May 2014 rather than in June of that year.

Adjusting for these transactions, the surplus in June 2014 would have been US$36 billion, it said.

With the adjustment, the surplus in June 2015 would be US$16 billion, or 44 percent, higher than in June 2014.

Receipts last month totaled US$342.9 billion, while outlays stood at US$291.2 billion

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