The US federal budget deficit stood at $211 billion in July, according to figures released Wednesday by the Treasury Department.
Total receipts were $269 billion against outlays of $480 billion, the figures showed.
As for receipts, individual income taxes were $128 billion, while social insurance and retirement came in at $108 billion.
For outlays, social security was $103 billion, while health and medicare were $72 billion and $67 billion, respectively.
The total deficit reached almost $726 billion since the beginning of the 2022 fiscal year that started Oct. 1.
For fiscal year 2022, total receipts were $4.1 trillion against outlays of approximately $4.8 trillion, according to the figures. -
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