- The Treasury Budget for August showed a deficit of $200.3 bln versus a deficit of $214.1 bln for the same period one year ago. The Treasury Budget is not seasonally adjusted, so the August deficit cannot be compared to the $119.7 bln deficit for July.
- Total receipts of $228.0 bln for August were $8.9 bln more than the year-ago period. Individual Income Taxes accounted for $106 bln of receipts. Social Insurance and Retirement provided $96 bln. Corporate Income Tax receipts were negative $1 bln. Excise Taxes, Miscellaneous Taxes, Custom Duties Taxes, and Estate and Gift Taxes made up the remaining total.
- Total outlays in August were $428.3 bln, $5 bln less than the year-ago period. The largest outlay was $88 bln for Social Security, followed by $85 billion for Medicare. National Defense consumed $64 billion while Net Interest accounted for $35 billion of the total.
- The fiscal year-to-date deficit is $1.07 tln versus a deficit of $898.1 bln for the same period a year ago. The budget deficit over the last 12 months is $948 bln, versus $961.8 bln for the 12 months ending in July.
|Deficit (-)/Surplus Fiscal YTD||-$1070.0B||-$866.8B||-$747.1B||-$738.6B||-$530.9B|
|Deficit (-)/Surplus over last 12 months||$948.0B||-$961.8B||-$919.0B||-$985.4B||-$924.4B|