Monthly Budget Review

Report

CBO estimates in its Monthly Budget Review that the Treasury Department will report a deficit of $1.17 trillion for the first 11 months of fiscal year 2012, almost $70 billion less than the deficit at the same point last year.

In CBO’s most recent budget projections, the agency estimated that the deficit for fiscal year 2012 (which will end on September 30, 2012) will total $1.13 trillion, about $175 billion less than last year’s shortfall. (See An Update to the Budget and Economic Outlook: Fiscal Years 2012 to 2022, which CBO published in August.)

Data and Supplemental Information