January 13, 2020 / 7:08 PM / 15 days ago

U.S. government posts $13.3 billion deficit in December

FILE PHOTO: A sign marks the U.S Treasury Department in Washington, U.S., August 6, 2018. REUTERS/Brian Snyder

WASHINGTON (Reuters) - The U.S. government recorded a $13.3 billion budget deficit in December, the Treasury Department said on Monday.

That compared to a budget deficit of $13.5 billion in the same month the year earlier, according to the Treasury’s monthly budget statement.

Analysts polled by Reuters had forecast a $15 billion deficit for the month.

Unadjusted receipts last month totaled $336 billion, up 7% from December 2018, while unadjusted outlays were $349 billion, also a rise of 7% from the same month a year earlier.

When adjusted for calendar effects, the deficit for December was $40 billion compared with an adjusted deficit of $35 billion in December 2018.

Reporting by Lindsay Dunsmuir; Editing by Andrea Ricci

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