The USA budget had a deficit of 193 billion dollars in March

The US Treasury Department released its budget balance report for March.

Accordingly, in March of the fiscal year 2022, which started on October 1, 2021 and will end on September 30, 2022, the federal government's budget deficit was calculated as 193 billion dollars.

The federal government had a budget deficit of $660 billion in the same month of last year. Thus, the budget deficit decreased by 71 percent in March compared to the same month of the previous year.

In this period, the market expectation regarding the budget balance was that the budget would run a deficit of 191 billion dollars in March.

While the government's revenues increased by 18 percent compared to the same month of the previous year, increased by 315 billion dollars in March, its expenditures decreased by approximately 45 percent to 508 billion dollars.

As of March, the sixth month of the 2022 fiscal year, the country's total budget deficit reached $668 billion.

The said deficit was realized at the level of 1.7 trillion dollars in the same period of last year.

Spending in the first six months of the fiscal year decreased by about 18 percent compared to the same period last year to $2.8 trillion, while revenues increased by nearly 25 percent to $2.1 trillion.

The US budget deficit totaled $2.8 trillion in fiscal 2021, with the federal government running the second-largest budget deficit after the $3.1 trillion deficit in 2020 due to the impact of the COVID-19 pandemic.