Monthly Budget Review

September 7, 2010

Based on the Monthly Treasury Statement for July and the Daily Treasury Statements for August

The federal government incurred a deficit of nearly $1.3 trillion in the first 11 months of fiscal year 2010, CBO estimates, a total that is about $100 billion less than the shortfall recorded through August of last year. Outlays are about 2 percent less than they were in the first 11 months of 2009, whereas revenues have increased by 1½ percent.