Skip to main content
Tags: taxes | deficit | federal | spending

Report: Feds Collect Record $240.4B in May; Still Run $88.2B Deficit

Report: Feds Collect Record $240.4B in May; Still Run $88.2B Deficit
(AP Photo/Tripplaar Kristoffer)

By    |   Thursday, 15 June 2017 09:03 PM EDT

The federal government collected a record $240.4 billion in taxes in May, but still ran an $88.2 billion deficit for the month because of overspending.

The U.S. Treasury brought in $240,418,000,000 for the month, according to the department's monthly statement reported by CNS News.

The record haul was based on inflation-adjusted tax revenues, according to the report.

But the government ran a deficit of $88,426,000,000 the same month, according to the Treasury.

That was because the federal government spent $328,844,000,000 in May, the Treasury said.

© 2024 Newsmax. All rights reserved.


US
The federal government collected a record $240.4 billion in taxes in May, but still ran an $88.2 billion deficit for the month because of overspending.
taxes, deficit, federal, spending
85
2017-03-15
Thursday, 15 June 2017 09:03 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
Get the NewsmaxTV App for iOS Get the NewsmaxTV App for Android Scan QR code to get the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved