2011 Economic Calendar
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Treasury Budget  
Released On 7/13/2011 2:00:00 PM For Jun, 2011
PriorConsensusConsensus RangeActual
Treasury Budget - Level$-57.6 B$-60.0 B$-75.0 B to $-45.0 B$-43.1 B

The nation's budget deficit is improving slightly but is improving, at $43.1 billion in June vs $68.4 billion last June. The fiscal year-to-date deficit is $970.5 billion, about $30 billion less than this time last year. The improvement in June reflects smaller estimates for education loan subsidies and less spending on Fannie Mae and Freddie Mac.

Consensus Outlook
The U.S. Treasury monthly budget report in May posted a monthly $57.6 billion deficit, well below expectations for a $140 billion deficit. A one-time downward adjustment in TARP costs helped shave the Treasury's shortfall in May. May's results make the fiscal year-to-date deficit look much better, at $927.5 billion and now below the year-ago deficit of $935.6 billion. Looking ahead, the month of June traditionally shows a modest surplus for the month. Over the past 10 years, the average surplus for the month of June has been $4.2 billion. But over the past 5 years, June has switched to an average deficit of $162 billion. The June 2010 figure printed at a deficit of $68.4 billion.

The U.S. Treasury releases a monthly account of the surplus or deficit of the federal government. Changes in the budget balance reflect Federal policy on spending and taxation. The government's fiscal year begins in October.  Why Investors Care
The federal budget balance is not seasonally adjusted. Consequently, it is useful to compare the current month's budget deficit or surplus to the same month for a couple of years. Some months are known to have large surpluses because quarterly estimated tax payments are received by the government.
Data Source: Haver Analytics

2011 Release Schedule
Released On: 1/122/103/104/125/116/107/138/109/1310/1411/1012/12
Release For: DecJanFebMarAprMayJunJulAugSepOctNov

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