US budget surplus falls to $71b in June
Sunday, 13 July 2014
WASHINGTON, July 12 (Reuters): The US budget surplus was $71 billion at the end of June, down 39 per cent from the same period last year, according to data released by the Treasury Department on Friday.
Analysts polled by Reuters had expected a surplus of $80 billion last month. The surplus was $117 billion in June of 2013.
The year-to-date deficit at the end of June was $366 billion, the lowest since the same period in fiscal 2008, compared with a deficit of $510 billion in the same period in fiscal 2013.
Last month's budget results were affected by differences in the calendar. If adjusted for timing-related transactions, the budget surplus in June would have been $25 billion.