The U.S. Treasury Department reported that the U.S. budget deficit was $257.45 billion in October, compared with a surplus of $64.698 billion in the previous month.
Analysts polled by Trading Economics expected a deficit of $211 billion.
The deficit in October last year was $66.564 billion.
According to a report from the U.S. Treasury Department, U.S. government spending in the reporting month increased by 24.3% year-on-year to US$584.221 billion, while revenue decreased by 19% year-on-year to US$326.77 billion.
