Federal revenue for the nine-month period ending in June rose to 3.05 trillion dollars, while total outlays rose to 5.29 trillion dollars, driven by payments for jobless benefits and COVID-19 relief programs, according to the department.
The U.S. budget deficit soared to USD 2.24 trillion during the first nine months of fiscal year 2021, which ends on September 30, the U.S. Treasury Department said.
Federal revenue for the nine-month period ending in June rose to 3.05 trillion dollars, while total outlays rose to 5.29 trillion dollars, driven by payments for jobless benefits and COVID-19 relief programs, according to the department.
Poster Comment:
The budget deficit for June was a mere $174 billion. But the really Big Spending will be voted on in July. August and September should be killer months. The new fiscal year (2022) begins October 1st.