US Posts $6bn Budget Surplus in June
US Posts $6bn Budget Surplus in June
Washington - QNA
The US federal government posted a budget surplus of $6 billion in June, compared with a surplus of $50 billion in the same month a year earlier, the US Treasury Department said.
The current fiscal year-to-date deficit stood at $401 billion, according to the Treasury's monthly budget statement.
Receipts last month totaled $330 billion, while outlays were at $323 billion.
Accounting for calendar adjustments, June would have shown a surplus of $10 billion compared to an adjusted surplus of $50 billion for June 2015.
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