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US April budget deficit totaled $40.49 billion

US April budget deficit totaled $40.49 billion

12 May 2011 07:59 (UTC +04:00)

Baku - APA-Economics. U.S. government revenue grew in April, but its budget deficit kept widening on mounting interest payments and entitlement spending. The U.S. spent $40.49 billion more than it collected last month, a Treasury Department report said Wednesday.

Last monthâ€™s figure compares with a shortfall of $82.7 billion in April 2010.

The Treasuryâ€™s report showed that government spending rose 0.6 percent in April to $330 billion, and revenue increased 18 percent to $289.5 billion.

Still, the deficit was the 31st monthly shortfall in a row. With nine months of fiscal 2011 elapsed, the government has spent $869.90 billion more than it has collectedâ€”higher than $799.68 billion for the same period a year earlier.

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