2018 Economic Calendar
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Treasury Budget  
Released On 7/12/2018 2:00:00 PM For Jun, 2018
PriorConsensusConsensus RangeActual
Treasury Budget - Level$-146.8 B$-91.0 B$-173.9 B to $-80.0 B$-74.9 B

Highlights
The government's deficit wasn't quite as deep as expected in June, at $74.9 billion vs Econoday's consensus for $91.0 billion. Nine months into the government's fiscal 2018, the deficit totals $607.1 billion and is up significantly from a $523.1 billion at this time last year. Tax receipts this fiscal year are up 8.9 percent for individuals, at $1.305 trillion so far, and down 27.6 percent for corporations, at $161.7 billion. Customs duties so far this fiscal year, which is something of course to keep an eye on given widening tariffs, are $28.3 billion for a $3.1 billion gain. On the spending side, defense spending is up 5.5 percent at $497.2 billion.

Consensus Outlook
After this year's tax, corporate taxes are contributing less to the receipt ledger while individual taxes are contributing more. Excise taxes and customs duties are also on the rise. Still the Treasury's year-to-date deficit in May was running 23 percent deeper than the prior fiscal year as spending on net interest, defense and Social Security continue to rise. For June, forecasters see the monthly Treasury deficit at $91.0 billion.

Definition
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
 
[Chart]
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
 
 

2018 Release Schedule
Released On: 1/112/123/124/115/106/127/128/109/1310/1111/1212/12
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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