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December 2020 Monthly Budget Review: Budget Deficit $572 Billion In First Quarter Fiscal Year 2021

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9월 6, 2021
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from the Congressional Budget Office

The federal budget deficit was $572 billion in the first quarter of fiscal year 2021, the Congressional Budget Office estimates—$215 billion more than the deficit recorded during the same period last year. Revenues were about the same and outlays were 18 percent higher from October through December than during the same perod in fiscal year 2020.

As was the case in fiscal year 2020, outlays increased in the first quarter of 2021 because certain payments that otherwise would have been due on January 1, a holiday, were instead made in December. In addition, unlike last year, certain payments, totaling $24 billion, that normally are made on the third of the month were shifted from January 2021 into December 2020 because January 3 fell on a Sunday. If not for those shifts, the first-quarter deficit (through December 2020) would have been $525 billion, or $191 billion more than the first-quarter deficit of $334 billion in fiscal year 2020.

[click on image below to continue reading]

Source

https://www.cbo.gov/system/files/2021-01/56953-MBR.pdf


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