(MENAFN- Saudi Press Agency) The U.S. government said Wednesday that it ran a bigger deficit in January, pushing the imbalance so far this budget year up 6.2 percent from the same period a year ago.
The Treasury Department said that the deficit for January was $17.5 billion compared to $10.3 billion a year ago. For the first four months of the budget year that began in October, the deficit totals $194.2 billion, up from the $182.8 billion deficit incurred during the same period last year.
Last year€„¢s deficit was lowered by a $24 billion special payment Freddie Mac made for the support it received during the financial crisis.
The Congressional Budget Office (CBO) is forecasting that the deficit for the full 2015 budget year will be 3.1 percent lower than in 2014.
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