US budget deficit at $429.7 billion in September - Breaking The News
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US budget deficit at $429.7 billion in September

EPA-EFE/GRAEME SLOAN

The United States Bureau of Fiscal Service said in its Monthly Treasury Statement on Friday that the country's budget deficit was equal to $429.7 billion in September.

Total monthly receipts in the United States amounted to $488 billion, with $228 billion coming from individual income taxes and $127 billion from social insurance and retirement.

Total monthly outlays in the country came in at $917 billion, the majority coming from education at $449 billion and Medicare and Social Security, both at $104 billion, followed by National Defense at $81 billion.

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