Monthly Budget Deficit Rises To a Record $5334 Billion
The federal government posted its largest monthly budget deficit on record in Marcli with a $53.34 billion imbalance, the Treasury Department reported yesterday.</br></br>The March gap between spending and revenue pushed the deficit for the first six months of the fiscal year past the Gramm-Rudman deficit-reduction target for all of fiscal 1990.</br></br>Louis Crandall, an economist with R.H. Wrightson of New York, said the deficit so far this year points to a return to $200 billion imbalances that existed until recently.</br></br>Crandall attributed most of the March deficit to Federal Deposit Insurance Corp. payments, spending by the Resolution Trust Corp. to bail out failed savings and loans, expedited income tax refunds as a result of electronic filing systems and government losses because of the falling</br></br>The March figure boosted the deficit to $150.85 billion for the fiscal year that began Oct. 1. This was 17.5	percent more than the $128.4 billion imbalance during the first half of 1989 and well above the Gramm-Rudman 1990 target of $100 billion.