Advertisement

US budget deficit grows 27% through July

US budget deficit grows 27% through July Photo: MGN

Updated: August 12, 2019 01:06 PM

The U.S. government's budget deficit rose by $183 billion to $867 billion during the first 10 months of this budget year as spending grew more than twice as fast as tax collections.

The Treasury Department say the deficit for the current fiscal year through July is up 27% from the same period a year earlier. Spending rose 8% to $3.73 trillion, and tax revenue rose 3% to $2.86 trillion.

Advertisement

Connect with KSTP


Join the conversation on our social media platforms. Share your comments on our Facebook, Instagram, and Twitter pages.

Credits

Associated Press

(Copyright 2019 by The Associated Press. All Rights Reserved.)

Advertisement

Vikings: 3 keys to victory against Green Bay

9th annual 'Great River Race' takes over the Mississippi River in St. Paul

St. Paul Attorney's Office launches new program to give offenders a second chance

Red Lake Nation breaks ground on new low-income housing development in Minneapolis

Trolley catches fire on Highway 36 in St. Paul

Saudi Arabia: Drone attacks knocked out half its oil supply

Advertisement