USDA Spending for Fiscal Year 2015 Lower Than Expected

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The White House says overall spending for USDA in the last fiscal year was $5.5 billion lower than expected. The lower spending is attributed to lower-than-expected spending on the Supplemental Nutrition Assistance Program, disaster programs, and a few other items, according to the Hagstrom Report.

The White House Office of Budget and Management reported SNAP program spending $2.6 billion lower than expected earlier in the year and disaster spending was $1.2 billion lower than estimated. USDA expenditures for fiscal year 2015, which ended September 30, totaled $139.1 billion. The deficit in fiscal year 2015 fell to $439 billion, $44 billion less than the fiscal year 2014 deficit and $144 billion less than forecast in President Barack Obama’s fiscal year 2016 budget.