Monthly Budget Review for May 2019

United States Department of the Treasury Building, Washington DC

The federal budget deficit was $738 billion for the first eight months of fiscal year 2019, the CBO estimates, $206 billion more than the deficit recorded during the same period last year. Revenues were $49 billion higher and outlays were $255 billion higher than during first eight months of 2018.

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See past editions of CBO’s Monthly Budget Review.