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US monthly budget deficit jumps to $204.9B in November


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US monthly budget deficit jumps to $204.9B in November

The U.S. federal government ran a budget deficit of $204.90 billion in November, up from the $138.55 billion shortfall for the same month in 2017, the Treasury Department reported.

Econoday's consensus forecast for the month was a budget deficit of $165.00 billion.

The monthly budget gap in November was also bigger than the $100.49 billion deficit recorded in October, the first month of the government's fiscal year 2019.

Federal government revenues stood at $205.96 billion in November against outlays of $410.86 billion.

The fiscal year-to-date budget deficit is $305.39 billion, with revenues of $458.65 billion and outlays of $764.05 billion.