The federal government incurred a deficit of $225 billion in April 2021, CBO estimates—less than one-third the deficit in April 2020. The federal budget deficit was $1.9 trillion in the first seven months of fiscal year 2021, the Congressional Budget Office estimates—$449 billion more than the deficit recorded during the same period last year. Outlays were 22 percent higher and revenues were 16 percent higher from October through April than during the same period in fiscal year 2020.
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