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The U.S. government spent $21.9B more than it earned in January, smaller than the $39.3B expected deficit, the -$129.0B shortfall in December and -$38.8B a year ago, the Treasury Department said on Monday.
Government receipts rose 6.7% from a year ago to $477.3B in December, while outlays advanced 2.7% Y/Y to $499.3B.
The government’s fiscal year-to-date deficit stood at $531.9B compared with $1.70T last year.
During the month, the Treasury received $121M in deposits of earnings by Federal Reserve Banks, it said.