U.S. budget deficit shrinks as revenues grow

Source: Bloomberg
© Scanpix/Reuters
Federal budget gap in the United States declined to $128.7 billion in August of this year, comparing with $147.9 billion a year ago. During the October-August period of the current financial year, the negative balance shrank 22%, as revenues continued to increase amid economic recovery. They added 7.7% on the annual basis, while spending rose less than 1%.
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