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The U.S. federal government deficit widened to USD314.0 billion in November, a record shortfall for the month of November and also the highest reading since March, the Treasury department said Tuesday.
The government spent USD589 billion last month, 18% higher than November 2022. Government revenues were USD275 billion, a 9% increase over last year. Adjusted for calendar differences, the deficit in November was USD65 billion higher than this month last year, the Treasury said. So far this fiscal year, the deficit has increased 15% on a calendar-adjusted basis.
Source: US Treasury
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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