The federal government ran a budget deficit of $128.7 billion during the month of August. This compares with a $147.9 billion deficit in August of 2013.Receipts for the month totaled $194.2 billion, up from $185.4 billion a year earlier. Total outlays were $323.0 billion from $333.3 billion a year earlier.

The rolling 12-month U.S. government budget deficit through August was $515.1 billion, an improvement from $534.3 billion in July. The rolling 12-month budget balance as a percentage of gross domestic product is -2.98%.