Last Update: 12-Feb-14 14:14 ET
- The Treasury budget showed a deficit of $10.4 bln in January 2014 after showing a surplus of $2.9 bln in January 2013. Since the data are not seasonally adjusted, the January deficit cannot be compared to the surplus from December. The Briefing.com consensus expected a budget deficit of $10 bln.
- The Congressional Budget Office released their budget preview last week and predicted a deficit of $10 bln. The market is well aware of the CBO's forecast and generally does not react to the actual budget release.
- Total revenues increased by $23.8 bln, from $272.2 bln in January 2013 to $296.0 bln in January 2014.
- Total outlays increased to $306.4 bln from $269.3 bln in January 2013, a gain of $37.1 bln.
- Fiscal year-to-date, the deficit is $184.0 bln, $106.4 bln less than FY 2013.
- Raw data available at http://www.fms.treas.gov/mts/index.htm
|Deficit (-)/Surplus Fiscal YTD
|Deficit (-)/Surplus over last 12 months