US budget deficit realizes as $32,6 billion in January
The U.S. Congressional Budget Office released Monthly Budget Review for January 2020.
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According to CBO, the federal government incurred a deficit of $32 billion in January 2020, compared with a surplus of $9 billion in January 2019—a difference of $40 billion.
The U.S. budget gap amounted to $389 billion from October through January, compared with $310 billion in the same period a year earlier.
As total spending in January 2020 was $403 billion, CBO estimates that receipts totaled $372 billion—$32 billion (or 9 percent) more than those in the same month last year. (ILKHA)
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