US budget deficit stands at $200B in August

By Ovunc Kutlu

ANKARA (AA) – The US federal budget deficit stood at approximately $200 billion in August, according to official figures released on Tuesday.

Total receipts were $304 billion against outlays of $523 billion, the Treasury Department data showed.

As for receipts, individual income taxes were $141 billion, while social insurance and retirement came in at $123 billion.

For outlays, social security was $104 billion, while health was $78 billion.

The total deficit reached almost $946 billion since the beginning of the 2022 fiscal year on Oct. 1.

For fiscal year 2022, total receipts were $4.41 trillion against outlays of approximately $5.35 trillion, according to the figures.