The U.S. budget deficit dropped more than 6% from a year earlier to $130 billion in May, according to an article in Reuters.
Analysts polled by Reuters expected a $131 billion deficit last month. The gap was $139 billion in May 2013.
May's results brought the year-to-date deficit to $436 billion, compared with $626 billion in the same period last year.Sponsor Content
Last month's budget results were affected by differences in the calendar. If adjusted for timing-related transactions, the U.S. would have ended the month of May with a deficit of $87 billion, down from last year's adjusted $106 billion deficit.