The US budget deficit widened to US$235 billion in February of 2020 from US$234 billion in the corresponding month of the previous year and compared with market expectations of a US$236 billion gap. Outlays rose 5.5% to US$423 billion, with social security accounting for the biggest share, followed by individual income taxes and excise taxes. Meantime, while receipts went up 12.4% to US$188 billion, with income security accounting for the largest share, followed by social security and national defense.
