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M. Continuo

U.S. March budget shrinks more than expected


    WASHINGTON (Reuters) - The U.S. government last month posted a budget deficit of $37 billion, down from $107 billion in the same period last year, the U.S. Treasury Department said on Thursday.

    Analysts polled by Reuters had expected a deficit of $78 billion.

    The current deficit was affected by the monthly calendar timing. If adjustments were incorporated, Treasury said, the monthly deficit would have been $77 billion.

    (Reporting by Elvina Nawaguna, Editing by Andrea Ricci )