Monthly Budget Review

March 7, 2011
Report
Based on the Monthly Treasury Statement for January and the Daily Treasury Statements for February

Summary

Based on the Monthly Treasury Statement for January and the Daily Treasury Statements for February

CBO estimates that the federal government incurred a budget deficit of $642 billion for the first five months of fiscal year 2011, $10 billion less than the shortfall recorded in the same period last year. Outlays were $58 billion higher than in the previous year, while revenues were $68 billion higher.

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