Federal Deficit Rises $14.6 Billion in Month
WASHINGTON — The federal deficit grew $14.6 billion in December, a decrease of 56% from November’s $33.3 billion, the Treasury Department said Thursday.
But fiscal 1986 so far shows no improvement over the year before. The shortfall in the first quarter of 1986 was $75 billion, compared to $71.4 billion in the same period of fiscal 1985.
The latest projection by the Office of Management and Budget indicated that the 1986 deficit will reach $177.83 billion by Sept. 30, the end of the fiscal year.
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