US federal deficit hits record high in November
13/12/2005 11:44
The budget deficit of the US government increased sharply and hit a record
high in November, the Treasury Department reported on Monday.
The department
said that the US government deficit totaled US$83.1 billion in the month, the
highest imbalance ever recorded in November.
For November, the US government
revenues totaled US$138.8 billion, up 3.2 percent from November a year ago.
Spending totaled US$221.9 billion in the month, up 15.3 percent from November
2004.
For the first two months of the fiscal year of 2006 which began from
Oct. 1, the US government's budget deficit totaled US$130.3 billion, 13.1
percent higher than the deficit of US$115.2 billion recorded during the same
period last year.
Most analysts are forecasting that the US budget deficit
will rise to around US$350 billion this fiscal year, comparing with US$318.5
billion in the last year.
Xinhua News
|
