Monthly USA Treasury Deficit Grows YoY in January 2011

February 10th, 2011
in econ_news

Econintersect: The USA monthly Treasury statement for January 2011 shows reciepts at $226 billion and outlays at $276 billion for a monthly shortfall of $50 billion.   So far this fiscal year (which began in October), receipts are running 9% higher then last year.

Although expeditures are up as well, the overall budget deficit to date is lower compared to date last year.  Both the CBO (news brief here) and the Treasury are forecasting record deficits this year between $1.4 and $1.5 trillion.

Follow up:

source: US Treasury


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