Wednesday, December 18, 2013

Government deficit snapshot



What is happening to the federal budget deficit?

Source of information on outlays and receipts is the U.S. Treasury




Quick Snapshot:  I obtained  publicly available data on receipts, outlays and deficit from the U.S. Treasury.   I compared numbers from August 2012 to November 2012 to numbers from August 2013 to November 2013.   Numbers in Table below reveal that year-to-year receipts increased 10.3%, outlays fell 2.1% and the deficit fell 26.7%.


Comment:   This is the early stage of a tepid but probably sustainable recovery.  It is highly possible that President Obama will leave office in 2017 with the Nation nearing a balanced budget and on course for surpluses.




Receipts Outlays Deficit
Aug-Nov 2012
786
1193
408
Aug-Nov 2013
867
1168
299

10.3%
-2.1%
-26.7%

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