Last Update: 12-Feb-18 14:21 ET
- The Treasury Budget for January showed a surplus of $49.2 billion (Briefing.com consensus $51.0 billion) versus a surplus of $51.3 billion for the same period a year ago.
- Total receipts of $361.0 billion in January were $17.0 billion more than the year-ago period. Individual Income Taxes accounted for $212 billion of receipts while Social Security and Other Payroll Taxes provided $113 billion. Corporate Income Taxes contributed $13 billion while Other Taxes and Duties added $23 billion.
- Total outlays in January were $311.8 billion, $19.0 billion more than the year-ago period. Outlays were led by Other expenses, which were $116 billion. The remainder of the outlays included $82 billion for Social Security, $49 billion for Medicare, $40 billion for Defense, and $25 billion for Interest on Debt.
- The fiscal year-to-date deficit is $175.7 billion versus $158.6 billion at the same point in fiscal 2017
- The Treasury Budget data is not seasonally adjusted, so the January surplus cannot be compared to the $23.2 billion deficit for December.
|Deficit (-)/Surplus Fiscal YTD
|Deficit (-)/Surplus over last 12 months