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

Containers await departure as crews load and unload consumer products at the Port of New Orleans along the Mississippi River in New Orleans, Louisiana June 23, 2010. REUTERS/Sean Gardner

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)