WASHINGTON - The federal government ran a $32.7 billion deficit in November, compared to a $44.7 billion deficit last November, the U.S. Treasury reported yesterday.
This November's shortfall brings the total deficit in the first two months of fiscal 1993 to $81.6 billion, compared to an $81.3 billion deficit in the same period last year, according to the Treasury.
This November's deficit, which was lower than many analysts expected, resulted from $107.4 billion in federal outlays compared to $74.6 billion in federal receipts.
Interest payments on the national debt in November totaled $22.5 billion, bringing interest payments for the fiscal year to $40.5 billion. This is down slightly from a $41.1 billion total for the same period last year.
As in previous months, the Resolution Trust Corp. took in more money than it spent in November due to its ongoing funding delay. The RTC ran a $3.6 billion surplus in November, bringing its surplus for the fiscal year to $6.2 billion, the Treasury said.
In the first two months of fiscal 1993, individual income tax receipts totaled $70.4 billion, down from $72.2 billion in the same period last year. Corporate income tax receipts totaled $3.6 billion, up from $2.1 billion for the same period in fiscal 1992.