US budget deficit at $216B in February

By Ovunc Kutlu

ANKARA (AA) - The US federal budget deficit stood at $216 billion in February, according to figures released by the Treasury Department on Thursday.

Total receipts were $290 billion against outlays of $506 billion, the figures showed.

As for receipts, individual income taxes were $149 billion, while social insurance and retirement came in at $108 billion.

For outlays, income security was $121 billion, while social security was $102 billion and health came in at $73 billion.

Total deficit as of February reached almost $475.6 billion since the beginning of 2022 fiscal year that started on October 2021.