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U.S. posts budget deficit of $82.4 billion in May


    WASHINGTON (Reuters) - The United States posted a budget deficit of $82.4 billion in May, a 37 percent drop from the same period last year, the U.S. Treasury Department said on Wednesday.

    Analysts polled by Reuters had expected a $98 billion deficit for last month. The deficit was $130 billion in May of 2014, according to Treasury's monthly budget statement.

    The current fiscal year-to-date deficit stood at $365 billion at the end of last month.

    Receipts last month were $212 billion, up 6 percent from the same period last year, while outlays were $295 billion, down 11 percent from the same period last year, Treasury said.

    (Reporting by Elvina Nawaguna; Editing by Paul Simao)