Monthly Budget Review for August 2019

United States Department of the Treasury Building, Washington DC

The federal budget deficit was $1,067 billion for the first 11 months of fiscal year 2019, CBO estimates, $168 billion more than the deficit recorded during the same period last year. Revenues were $102 billion higher and outlays were $271 billion higher than in the same period in fiscal year 2018.

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See past editions of CBO’s Monthly Budget Review.