January 2019 Federal Budget
Submitted by Atlas Indicators Investment Advisors on March 11th, 2019
Your federal government went deeper into the hole in July 2018 according to the Treasury Department’s budget release. Spending outpaced revenues by $76.9 billion, increasing the monthly shortfall by $2.0 billion compared to June. Year-to-date, the fiscal deficit is $684.0 billion, 20.8 percent deeper than a year ago.
America’s fiscal shortfall improved in June 2018 according to the Treasury Department. America’s budget deficit improved to $74.9 billion from $146.8 billion in May. Details within the report make the improvement look even better as there were substantial outlays that are not paid every month in this iteration.
America’s budget ran a surplus in January 2018 according to the Treasury Department. Partially boosted by calendar influenced special factors, the nation took in $49.2 billion more than it spent to start the year. Since the first day of the year is a holiday, outlays for military active duty and retirement, Veteran’s benefits, and Supplemental Security Income were paid i
Two months into America’s fiscal year 2018 and our nation’s deficit has climbed 10.6 percent versus a year earlier according to data from the Department of Treasury. Your government’s shortfall was $138.5 billion in November 2017. Both receipts and outlays increased versus a year ago, symptomatic of an improving economy.
Happy Fiscal New Year! As you are reading this, America has nearly completed its first month of the fiscal year 2018. The nation’s 2017 deficit tally is in; it doesn’t look good. Our country’s shortfall increased 13.7 percent for the year, reaching $666 billion.
America is quickly approaching its debt limit, and some market participants are concerned. Their worry stems from the possibility that our nation will be unable to pay debts that mature soon. According to projections from the Congressional Budget Office, the Treasury will run out of money in early to mid-October. For the first time since the financial crisis of 2008-2009, the