June Budget Deficit in the U.S. Reduced to $66 Billion Amid Calendar Changes

Thursday, 11 July 2024, 18:03

The U.S. government reported a $66 billion budget deficit for June, significantly influenced by a shift in benefit payments to May, expanding that month's deficit to $347 billion. Comparatively, the June 2024 deficit stood at $159 billion, showing a 3% increase from the previous year's deficit of $154 billion, without factoring in the calendar adjustments. Despite the nominal decrease in the June 2024 deficit, the impact of calendar shifts on fiscal reporting is evident.

Yahoo Finance — June Budget Deficit in the U.S. Reduced to $66 Billion Amid Calendar Changes

Key Points:

The U.S. government's budget deficit for June was $66 billion.

Statistics:

June 2024 deficit was $159 billion.
71% reduction from the previous year's deficit.

Despite nominal improvements, calendar adjustments significantly impacted deficit figures.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Key Points:

Statistics:

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