2017 Economic Calendar
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Treasury Budget  
Released On 3/10/2017 2:00:00 PM For Feb, 2017
PriorConsensusConsensus RangeActual
Treasury Budget - Level$51.3 B$-181.5 B$-200.0 B to $-151.0 B$-192.0 B

Five months into the fiscal year, the government's deficit is tracking very closely to fiscal 2016, at $192.0 billion in the month of February for a year-to-date deficit of $385.0 billion which is 0.7 percent below last year. But the deficit would have been $8 billion higher in February if not for delays in this year's tax refunds.

Features of this fiscal year include a rise so far in individual tax receipts offset by a decline in corporate tax receipts. On the spending side, net interest is up 12.9 percent (reflecting the jump in long U.S. rates) while Medicare is down 6.0 percent with defense, at least for now, down 0.6 percent.

Consensus Outlook
Three months into the fiscal year, the government's deficit in January was tracking 3.3 percent higher than the prior year. Though a $181.5 billion deficit is forecast for February, it would still be more than $11 billion lower than last February's deficit and would mark an improvement. Receipts have been the weak link so far in fiscal 2017, held down by a decline in corporate tax receipts.

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

2017 Release Schedule
Released On: 1/122/103/104/125/106/127/138/109/1310/2011/1312/12
Release For: DecJanFebMarAprMayJunJulAugSepOctNov

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