posted on 09 December 2016
November 2016 CBO Monthly Budget Review: Total Receipts Up by 1 Percent in the First Two Months of Fiscal Year 2017
from the Congressional Budget Office
The federal budget deficit was $179 billion for the first two months of fiscal year 2017, CBO estimates, $22 billion less than the one recorded during the same period last year.
Revenues were higher than those in the same period last year, by 1 percent, and outlays decreased by 3 percent. But this year's outlays were reduced by the shift of certain payments from October 2016 to September 2016 because October 1 fell on a weekend. Otherwise, outlays so far this year would have been $25 billion (or about 4 percent) larger than those in October and November last year, and the deficit would have risen by about $20 billion.
Total Receipts: Up by 1 Percent in the First Two Months of Fiscal Year 2017 Receipts through November totaled $421 billion, CBO estimates—$5 billion more than the amount for the same period last year. The largest year-over-year changes were the following:
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