EmailEconomic
Last Update: 10-May-13 14:16 ET
Treasury Budget
Highlights
- The Treasury Budget showed a surplus of $112.9 bln in April. The budget showed a surplus of $59.1 bln in April 2012. Since the Treasury data are not seasonally adjusted, the data cannot be compared with the March level. The Briefing.com consensus expected the budget to show a surplus of $112.0 bln.
Key Factors
- The Congressional Budget Office released their budget preview earlier in the week and predicted a surplus of $112.0 bln. The market is well aware of the CBO's forecast and the reaction to the budget data will be limited.
- Total revenues increased by $87.9 bln, from $318.8 bln in April 2012 to $406.7 bln in April 2013.
- Total increased by $34.1 bln to $293.8 bln in April 2013 from $259.7 bln in April 2012.
- Fiscal year-to-date, the deficit is $487.6 bln, $232.3 bln less than FY 2012.
Big Picture
- Raw data available at http://www.fms.treas.gov/mts/index.html
| Category | APR | MAR | FEB | JAN | DEC |
|---|---|---|---|---|---|
| Deficit (-)/Surplus | $112.9B | -$106.5B | -$203.5B | $2.9B | -$1.2B |
| Deficit (-)/Surplus Fiscal YTD | -$487.6B | -$600.5B | -$494.0B | -$290.4B | -$293.3B |
| Deficit (-)/Surplus over last 12 months | -$855.9B | -$909.7B | -$1001.3B | -$1030.5B | -$1060.8B |
