2017 Economic Calendar
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Treasury Budget  
Released On 12/12/2017 2:00:00 PM For Nov, 2017
PriorConsensusConsensus RangeActual
Treasury Budget - Level$-63.2 B$-134.0 B$-146.0 B to $-74.1 B$-138.5 B

Two months into fiscal 2018, the Treasury's deficit is $201.8 billion which is 10.6 percent deeper than this time last year. The deficit for the month of November, which is today's update, came in near expectations at $138.50 billion.

Outlays so far this fiscal year are up 6.9 percent at $645.5 billion and led by a 7.0 percent increase in defense at $107.1 billion and a 5.9 percent increase in net interest expense at $60.0 billion. Receipts are up 5.3 percent at $443.7 billion reflecting a 6.2 percent increase in individual income taxes which are at $226.5 billion.

If a tax-cut agreement is reached in Washington, the receipt side of this balance sheet will begin to get extra close attention.

Consensus Outlook
The Treasury opened fiscal year 2018 with an October budget deficit of $63.2 billion, 40 percent larger than the $45.8 billion deficit in October last year. The larger deficit reflected an 11.6 percent yearly increase in outlays to $298.6 billion that outpaced a 6.2 percent increase in receipts to $235.3 billion. The Econoday consensus for November's Treasury deficit is $134.0 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

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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