Wednesday, June 10, 2020

The May 2020 deficit was $399 billion

See: https://www.fiscal.treasury.gov/files/reports-statements/mts/mts0520.pdf

The fiscal YTD deficit is $1.88 trillion.  There are 4 months left in the fiscal year and if they have deficits of $400 billion per month, the total deficit for the fiscal year would be about $3.5 trillion.

Note that loans made to others, such as student loans or SBA loans, are not considered outlays, because they theoretically will be paid back.  (I think they may fall into "off-budget outlays").

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