2018 Economic Calendar
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Treasury Budget  
Released On 5/10/2018 2:00:00 PM For Apr, 2018
PriorConsensusConsensus RangeActual
Treasury Budget - Level$-208.7 B$88.0 B$-5.0 B to $130.0 B$214.3 B

Individual tax receipts fed a strong $214.3 billion budget surplus in April that trims 2018's deficit, seven months into the fiscal year, to $385.4 billion which is still 11.9 percent deeper than this time last year.

Year-to-date receipts so far this fiscal year are up 4.1 percent to 2.007 trillion with individual taxes up 11.2 percent and corporate taxes down 24.5 percent. Year-to-date outlays, at $2.393 trillion, are up 5.3 percent led by net interest which is up 16.3 percent and also defense at a 4.7 percent gain.

A look at tax receipts so far in calendar 2018 vs the first four months of 2017, and a look at the initial effects of this year's tax cut, shows an 11.5 percent increase in individual taxes to $695.8 billion and a 30.3 percent decline in corporate taxes to $58.7 billion.

Excluding calendar effects, April's surplus falls to about $150 billion vs $140 billion in April last when also excluding special effects.

Consensus Outlook
Corporate tax receipts have been falling at the same time that spending has been going up. Six months into the 2018 fiscal year, the government's deficit through March was 13.8 percent deeper than the prior year. For April, a big tax month, forecasters see the Treasury budget coming in at a surplus of $88.0 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

2018 Release Schedule
Released On: 1/112/123/124/115/106/127/128/109/1310/1511/1312/12
Release For: DecJanFebMarAprMayJunJulAugSepOctNov

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