Deficit

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 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. 

America’s fiscal year 2018 is underway, and the Department of Treasury celebrated the New Year with a larger deficit than in October 2016 (the beginning of last fiscal year).  Our nation’s budget shortfall was $63.2 billion, an increase of 37.9 percent compared to a year ago.  Although receipts grew versus the same period a year ago, spending accelerated more.

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.