The U.S. government posted a budget deficit of $ 214 billion in August, double the amount for the same period last year in light of spending swell. The Treasury's monthly budget statement showed that the deficit for the same period last year was $ 108 billion.
Forecast for the budget a deficit were $ 156.5 billion in August. Economists generally see tax cuts for businesses and individuals released late last year, as well as an increase in government spending agreed in early February likely to lead to a U.S. budget deficit.
The deficit in the fiscal year started last October is $ 898 billion, compared with a deficit of $ 674 billion in the same period of fiscal year 2017.
