US March Budget Deficit Rises to 164 Billion Dollars
The U.S. budget deficit rose to $164 billion in March as tax refunds increased. Iran war spending grew slightly while many related outlays remain delayed.
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The federal government of the United States reported a slight increase in its budget deficit for March, reaching $164 billion. This represents a 2% rise, or approximately $4 billion, compared to the same period last year. The Treasury Department attributed the widening gap to a combination of increased tax refunds following new individual and corporate tax breaks, as well as rising relief payments to the agricultural sector.
