US reports December budget deficit at 91.85 billion dollars

The US government budget deficit hit 91.854 billion dollars in December, sharply higher from the same month a year earlier, Treasury figures showed Wednesday.

The budget shortfall for last month compared with 51.754 billion dollars in December 2008, the figures showed. But it was less than 120.289 billion a month earlier.

In the first three months of the US fiscal year, the accumulated deficit is 388.5 billion dollars, up from 332.5 billion in the same period a year earlier.

The White House is forecasting a deficit for the full fiscal year of some 1.5 trillion dollars, which would eclipse the record of 1.416 trillion in the fiscal year ended September 30.

Source: AFP

Other news