2012 Economic Calendar
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U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar

Treasury Budget
Released On 7/12/2012 2:00:00 PM For Jun, 2012
PriorConsensusConsensus RangeActual
Treasury Budget - Level$-124.6 B$-75.0 B$-80.0 B to $-75.0 B$-59.7 B

Highlights
Receipts are up while growth in spending is down, making for a 6.8 percent decline in the nation's deficit 9 months into government's fiscal year. When excluding special factors, such as calendar timings for government payments, the deficit is down 12.7 percent. Individual income tax receipts and especially corporate tax receipts are up this year with the spending side showing a decline for defense so far this fiscal year while growth in net interest payments is slowing.

The Treasury's deficit, headlined by today's report at $59.7 billion in June, is averaging just over $100 billion per month this fiscal year, roughly double the trend for the nation's trade deficit. This is offset, but only in part, by inflow of foreign investment, the latest details of which will be posted on Tuesday with the Treasury International Capital report.

Recent History Of This Indicator
The U.S. Treasury monthly budget report showed a May gap of $124.6 billion. Eight months into the government's fiscal year, the Treasury's deficit stood at $844.5 billion, which is very sizable but down 8.9 percent versus a year ago. Receipts are up 5.4 percent so far this fiscal year with outlays fractionally lower. Looking ahead, the month of June typically shows a surplus but in recent years has turned to deficit. Over the past 10 years, the average surplus for the month of June has been $4.2 billion and over the past 5 years the average deficit has been $16.2 billion. The June 2011 deficit came in at $43.1 billion.

Definition
The U.S. Treasury releases a monthly account of the surplus or deficit of the federal government. Changes in the budget balance of the annual fiscal year (which begins in October) are followed as an indicator of budgetary trends and the thrust of fiscal policy.  Why Investors Care
 
[Chart]
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
 
 

2012 Release Schedule
Released On: 1/122/103/124/115/106/127/128/109/1310/1211/1312/12
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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