2012 Economic Calendar
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Treasury Budget  
Released On 12/12/2012 2:00:00 PM For Nov, 2012
PriorConsensusConsensus RangeActual
Treasury Budget - Level$-120.0 B$-146.3 B$-172.0 B to $-136.0 B$-172.1 B

The government's debt early into fiscal 2013 is not improving. November's deficit of $172.1 billion is much greater than expected but most of the difference reflects calendar timing of payments. Adjusting for calendar shifts so far this fiscal year, the Treasury says the budget is running only slightly worse than last year, at $269 billion vs $266 billion. And total receipts are showing life two months into the fiscal year, up 9.7 percent with gains centered in corporate and individual taxes along with excise taxes. But more than offsetting the rise in receipts is a 15.8 percent rise so far this fiscal year in outlays with Medicare and net interest leading the increase.

Consensus Outlook
The U.S. Treasury monthly budget report showed a deficit $130.0 billion this October versus $129.0 billion last October. Looking ahead, the month of November typically shows a deficit for the month. Over the past 10 years, the average deficit for the month of November has been $86.4 billion and $113.4 billion over the past 5 years. The November 2011 deficit came in at $137.3 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

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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