U.S. RED INK FLOWS FREELY IN JAN., TOO

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: TUESDAY, February 25, 1992                   TAG: 9202250076
SECTION: NATIONAL/INTERNATIONAL                    PAGE: A-4   EDITION: METRO 
SOURCE: 
DATELINE: WASHINGTON                                LENGTH: Short
U.S. RED INK FLOWS FREELY IN JAN., TOO
The government posted an unusual $15.7 billion deficit in January, meaning it has outspent its revenues in each of the first four months of fiscal 1992, the Treasury said Monday.
The red ink last month contrasted with a $1.7 billion surplus in January 1991, when U.S. allies contributed nearly $1.1 billion to offset American expenses in the Persian Gulf buildup and war against Iraq.
The Bush administration projects the deficit for fiscal 1992, which will end Sept. 30, at $399.4 billion, up from a record $268.7 billion in fiscal 1991.
Even without the Operation Desert Shield and Storm contributions, the government usually runs a surplus in January when an array of federal taxes come due. The surplus in January 1990 was $8.3 billion. - Associated Press

by Bhavesh Jinadra by CNB