- The Treasury Budget for March showed a deficit of $146.9 billion versus a deficit of $208.7 billion for the same period one year ago.
- The Treasury Budget is not seasonally adjusted, so the March deficit cannot be compared to the $234.0 billion deficit for February.
- Total receipts of $228.8 billion for March were $18.0 billion more than the year-ago period.
- Social Insurance and Retirement provided $102 billion while Individual Income Taxes accounted for $97.0 billion of receipts. Corporate Income Tax receipts were just $9.0 billion. Excise Taxes, Miscellaneous Taxes Custom Duties Taxes, and Estate and Gift Taxes made up the remaining $20.0 billion of receipts.
- Total outlays in March were $375.8 billion, $43.8 billion less than the year-ago period.
- The largest outlay was $87.0 billion for Social Security, followed by $58.0 billion for National Defense. Other large outlays included $57.0 billion for Income Security, $53.0 billion for medicare, $48.0 billion for Health, $37 billion for Net Interest, and $13 billion for Veterans' Benefits and Services.
- The fiscal year-to-date deficit is $691.2 billion versus a deficit of $599.7 billion for the same period ago. The budget deficit over the last 12 months is $870.5 billion, down from $932.3 billion for the 12 months ending in February.
|Deficit (-)/Surplus Fiscal YTD||-$691.2B||-$544.2B||-$310.3B||-$318.9B||-$305.4B|
|Deficit (-)/Surplus over last 12 months||-$870.5B||-$932.3B||-$913.5B||-$873.0B||-$882.6B|