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
| Released on 10/11/07 For Sep 2007 | ||||||||
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Highlights
The Treasury's surplus in September was $111.6 billion, making for a fiscal year-to-date deficit of $162.8 billion, 34 percent below this time last year. A big reason for the improvement is slowing growth in outlays, at 2.8 percent in fiscal 2007 for the slowest rate 10 years. On the income side, taxes are very strong, especially the dominant category of individual income taxes which is up 11.5 percent year-to-date. This data, along with this morning's trade report, point to slowing currency outflow and what is a positive for the value of the dollar.
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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. |
| 2007 Release Schedule | ||||||||||||||||||||||||||
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