Last Update: 11-Dec-19 14:46 ET
- The Treasury Budget for November showed a deficit of $208.8 billion versus a deficit of $204.9 billion in the same period a year ago.
- This budget data is not seasonally adjusted, so the November deficit cannot be compared to the deficit of $134.5 billion for October.
- Total receipts of $225.2 billion for November were $19.2 billion more than the year-ago period.
- Total outlays of $434.0 billion were $23.2 billion more than the year-ago period.
- Individual income taxes ($106 billion) and Social Insurance & Retirement ($97 billion) accounted for the bulk of the October receipts.
- The largest outlays by function were Social Security ($89 billion), Medicare ($83 billion), National Defense ($63 billion), and Health ($50 billion).
- The budget deficit over the last 12 months is $1.022 trillion versus $1.018 trillion in October. The fiscal year-to-date deficit is $343.3 billion versus $305.4 for the same period a year ago.
|Deficit (-)/Surplus Fiscal YTD
|Deficit (-)/Surplus over last 12 months