U.S. Budget Deficit Narrows To 5-Year Low On Record Revenue

Posted By on October 30, 2013

Surprised as we are, somehow we don’t think it was employment gains that powered this giant revenue collection….capital gains taxes would make more sense being that stock markets are at all time highs!

Bloomberg:

  • The U.S. posted its smallest budget deficit in five years as employment gains helped propel revenue to a record.
  • Spending exceeded receipts by $680.3 billion in the 12 months ended Sept. 30, the narrowest gap since 2008, compared with a $1.09 trillion shortfall in fiscal 2012, the Treasury Department said today in Washington.
  • In September, the U.S. recorded a $75.1 billion surplus, little changed from the surplus in the same month a year earlier.
  • Revenue jumped 15.2 percent to $301.4 billion in September from a year earlier, bringing the annual figure to $2.77 trillion, today’s report showed.
  • Spending increased 21.5 percent to $226.4 billion last month, contributing to a 12-month total of $3.45 trillion, it showed.

Wise Dog Research, Bloomberg

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One Response to “U.S. Budget Deficit Narrows To 5-Year Low On Record Revenue”

  1. Sausalito Ferry Schedule

    Very energetic blog, I loved that a lot. Will there be a part 2?|

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