WASHINGTON, Sept. 12 (Xinhua) -- The U.S. federal government registered a budget deficit of about 147.9 billion U.S. dollars in August, the third largest monthly budget shortfall in the current fiscal year ending on Sept. 30, the Treasury Department said on Thursday.
The U.S. federal government raked in a revenue of 185.4 billion dollars last month, and registered outlays of 333.3 billion dollars.
The combined budget deficit in the first 11 months of the 2013 fiscal year stood at 755.3 billion dollars, about 35 percent lower than the imbalance for the same period of last fiscal year, according to the report.
Due to the ballooning entitlement spending and waning government revenue, the U.S. federal government's budget deficit has surpassed 1 trillion dollars for four consecutive years under President Barack Obama's watch.
The Congressional Budget Office, a non-partisan budgetary and economic research agency for Congress, predicted in May that the federal government's budget deficit would shrink to 642 billion dollars in the current fiscal year.