The federal budget deficit in June 2020 was $863 billion, compared with a deficit of $8 billion in the same month last year, CBO estimates. That increase stems from the economic disruption caused by the 2020 coronavirus pandemic and from the federal government’s response to it, including actions by the Administration and the enactment of four pieces of legislation. Outlays by the Small Business Administration—which oversees the recently established Paycheck Protection Program—contributed significantly to the June deficit this year, accounting for almost half of the government’s spending.

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