You can now read 10 articles a month for free. Read as much as you want anywhere and anytime for just 99¢.

Economy’s rise helps deficit fall

WASHINGTON — The US government’s deficit through the first four months of this budget year is down 36.6 percent from a year ago, signaling further improvement in the nation’s finances.

In its monthly budget report, the Treasury Department said Wednesday the deficit for January was $10.4 billion.

Continue reading below

For the period from October through January, it totals $184 billion. That is down $106.4 billion from the same period a year ago.

The Congressional Budget Office is projecting that the deficit for the current budget year will decline to $514 billion. That would be the smallest imbalance in six years. The deficit last year was $680.2 billion.

Rising tax revenues from an improving economy and government spending constraints are helping to trim the deficit.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week