US November Deficit Rises Sharply as Revenues Fall, Outlays Jump

The first U.S. banknotes printed with two women's signatures at an unveiling event in Fort Worth, Texas on Dec. 8, 2022. Shelby Tauber/Reuters

WASHINGTON—The November U.S. budget deficit jumped by $57 billion or 30 percent from a year earlier to $249 billion, a record for the month, as revenues fell and outlays for education, healthcare, and interest on the public debt rose sharply, the U.S. Treasury said on Monday.

Receipts for November fell 10 percent or $29 billion from a year earlier to $252 billion, while outlays rose 6 percent or $28 billion to $501 billion, also a November record.