US budget deficit records $13.5bn in Dec

14th February, 2019 09:34:55 printer

WASHINGTON: The U.S. federal budget deficit recorded 13.5 billion U.S. dollars in December, the Treasury Department said Wednesday.

That's about a 40-percent decline from the 23.2 billion dollars recorded in December 2017. Total outlays were down by 4 percent from a year ago, and total revenues were down by 6.6 percent, reports Xinhua.

The top three outlays in December were 84 billion dollars on social security, 57 billion dollars on national defense and 48 billion dollars on health. The data was released about a month behind schedule due to the 35-day partial federal government shutdown.