2017 Economic Calendar
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Treasury Budget  
Released On 10/20/2017 2:00:00 PM For Sep, 2017
PriorConsensusConsensus RangeActual
Treasury Budget - Level$-107.7 B$3.0 B$-3.0 B to $48.0 B$8.0 B

The Treasury ends fiscal 2017 with a $665.7 billion deficit, 13.7 percent higher than $585.6 billion in fiscal 2016. Driven by net interest and Social Security payments, outlays rose 3 percent in the year to $3.98 trillion. Outlays over matched a 1.5 percent rise in receipts to $3.31 trillion which got a boost from a 2.7 percent rise in individual taxes to $1.59 trillion. Corporate taxes fell 0.8 percent to $297.0 billion. As a percentage of GDP, the deficit comes in at 3.5 percent vs 3.2 percent in fiscal 2016. Note that the month of September ended the fiscal year at an $8.0 billion surplus.

Consensus Outlook
Ten months into fiscal year 2017, the government's deficit in July was tracking 10.6 percent above fiscal year 2016. The spending side is where the red ink lies with increases in Social Security payments and net interest. Higher receipts, led by individual income taxes, are only a partial offset to the rise in spending. The Econoday consensus for August is calling for a $3.0 billion surplus. Note the exact day of this release is still undetermined.

The U.S. Treasury releases a monthly account of the surplus or deficit of the federal government. Changes in the budget balance reflect Federal policy on spending and taxation. The government's fiscal year begins in October.  Why Investors Care
The federal budget balance is not seasonally adjusted. Consequently, it is useful to compare the current month's budget deficit or surplus to the same month for a couple of years. Some months are known to have large surpluses because quarterly estimated tax payments are received by the government.
Data Source: Haver Analytics

2017 Release Schedule
Released On: 1/122/103/104/125/106/127/138/109/1310/2011/1312/12
Release For: DecJanFebMarAprMayJunJulAugSepOctNov

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