The Traderszone Network

Published in TZ Latest News 8 October, 2014 by The TZ Newswire Staff

U.S. fiscal 2014 budget deficit falls to $486 billion, CBO says

Releasing preliminary estimates of final budget data for the year ended Sept. 30, the CBO said receipts grew nearly 9 percent from the previous year to $3.013 trillion, while outlays were up 1.4 percent to $3.499 trillion. The resulting fiscal 2014 deficit was down about $195 billion from the $680 billion budget gap recorded in fiscal 2013. The CBO estimated a September budget surplus of $106 billion, up from a $75 billion surplus a year earlier. Treasury Department is expected to report final budget data for fiscal 2014 by Oct. 17.