Last Update: 10-Aug-18 14:18 ET
- The Treasury Budget for July showed a deficit of $76.9 billion versus a deficit of $42.9 billion for the same period a year ago.
- Total receipts of $225.3 billion for July were $6.8 billion less than the year-ago period. Individual Income Taxes accounted for $110 billion of receipts while Social Security and Other Payroll Taxes provided $91 billion. Corporate Income Tax receipts were $4 billion while Other Taxes and Duties receipts were $20 billion.
- Total outlays in July were $302.1 billion, $27.2 billion more than the year-ago period. Outlays were led by Other expenses, which were $111 billion. The remainder of the outlays included $83 billion for Social Security, $24 billion for Medicare, $49 billion for Defense, and $35 billion for Interest on Debt.
- The fiscal year-to-date deficit is $684.0 billion versus $566.0 billion at the same point in fiscal 2017.
- The Treasury Budget data is not seasonally adjusted, so the July deficit cannot be compared to the $74.9 billion deficit for June.
|Deficit (-)/Surplus Fiscal YTD
|Deficit (-)/Surplus over last 12 months