March 11, 2020 / 6:16 PM / 3 months ago

U.S. government posts $235 billion budget deficit in February

FILE PHOTO: A sign marks the U.S Treasury Department in Washington, U.S., August 6, 2018. REUTERS/Brian Snyder

WASHINGTON (Reuters) - The U.S. government recorded a $235 billion budget deficit in February, the Treasury Department said on Wednesday.

That compared to a budget deficit of $234 billion in the same month the year earlier, according to the Treasury’s monthly budget statement.

Analysts polled by Reuters had forecast a $236 billion deficit for the month.

The deficit for the fiscal year to date was $625 billion, compared with $544 billion in the comparable period the year earlier.

Unadjusted outlays last month totaled $423 billion, up 5% from February 2019, while unadjusted receipts were $188 billion, a rise of 12% from the same month a year earlier.

When adjusted for calendar effects, the deficit for February was $238 billion compared with an adjusted deficit of $234 billion one year prior.

Reporting by Lindsay Dunsmuir; Editing by Andrea Ricci

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