US deficit reaches more than one trillion $

July 14, 2009 11:28:05 AM

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The US budget deficit reached more than one trillion dollars for the current fiscal year in June as the government stepped up spending to counter recession, official data showed Monday.

Nine months into the 2009 fiscal year that ends September 30, the budget deficit widened by 94.316 billion dollars in June to 1.086 trillion dollars, according to the Treasury's monthly statement of receipts and outlays.

The June deficit was slightly better than the 97.0 billion dollars most analysts had forecasted.

Receipts during the nine-month period to June amounted to 1.588 trillion dollars, eclipsed by outlays of 2.675 trillion dollars.