Total income stands at $315B versus $508B in expenditure
The US federal budget deficit amounted to $193 billion in March, according to the Treasury Department data released on Tuesday.
Total receipts were $315 billion against outlays of $508 billion,the figures showed.
As for receipts, individual income taxes totaled $151 billion, while social insurance and retirement was at $120 billion.
For outlays, income security came in at $96 billion, while social security stood at $103 billion and health at $86 billion.
As of March, the total deficit reached $668 billion since the beginning of the 2022 fiscal year that started on October 2021.