$134 Billion Deficit in October for US Government

voanews | November 13, 2019

The U.S. government recorded a $134 billion budget deficit in October, the first month of the new fiscal year, the Treasury Department said Wednesday.That compared to a budget deficit of $100 billion in the same month last year, according to the Treasury's monthly budget statement.Analysts polled by Reuters had forecast a $133 billion deficit for the month.Unadjusted receipts last month totaled $246 billion, down 3% from October 2018, while unadjusted outlays were $380 billion, a rise of 8% from the same month a year earlier. The U.S. government's fiscal year ends in September each year. Fiscal 2019 saw a widening in the deficit to $984 billion, the largest budget deficit in seven years, a result of the Trump administration's decision to cut taxes and increase government spending.

Spotlight

Watch Jaimie Boyd, Deloitte’s National Digital Government leader, as she explains why the cloud is a powerful catalyst for modern government services.

Spotlight

Watch Jaimie Boyd, Deloitte’s National Digital Government leader, as she explains why the cloud is a powerful catalyst for modern government services.

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Cyware Cyber Fusion Centre (CFC) Platform Now Designated as FedRAMP Ready

Cyware | January 27, 2023

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EMERGING TECHNOLOGY

Symplicity joins the UK Government's G-Cloud framework for its 13th iteration

Symplicity | November 21, 2022

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EMERGING TECHNOLOGY,GOVERNMENT BUSINESS

TechFlow wins $8 Million cloud.gov contract for Govt. Agency Modernization

TechFlow | January 09, 2023

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