Last Update: 12-Jun-19 14:36 ET
- The Treasury Budget for may showed a deficit of $207.8 billion versus a deficit of $146.8 billion for the same period one year ago. The Treasury Budget is not seasonally adjusted, so the May deficit cannot be compared to the $160.3 billion surplus for April.
- Total receipts of $232.0 billion for May were $15.0 billion more than the year-ago period. Individual Income Taxes accounted for $104.0 billion of receipts. Social Insurance and Retirement provided $107 billion. Corporate Income Tax receipts were just $0.4 billion. Excise Taxes, Miscellaneous Taxes Custom Duties Taxes, and Estate and Gift Taxes made up the remaining $22.0 billion of receipts.
- Total outlays in May were $439.8 billion, $76.0 billion more than the year-ago period. The largest outlay was $98.0 billion for Medicare, followed by $88.0 billion for Social Security, $65 billion for National Defense and $49.0 billion for Health. Other large outlays included $48.0 billion for Income Security, $40 billion for Net Interest, and $27 billion for Veterans' Benefits and Services.
- The fiscal year-to-date deficit is $738.6 billion versus a deficit of $532.2 billion for the same period ago. The budget deficit over the last 12 months is $985.4 billion, versus $924.4 billion for the 12 months ending in April.
|Deficit (-)/Surplus Fiscal YTD
|Deficit (-)/Surplus over last 12 months