Tuesday, July 12, 2022

Deficit of $88 Billion in June 2022

 https://www.cbo.gov/system/files?file=2022-07/58219-MBR.pdf

The federal government incurred a deficit of $88 billion in June 2022, CBO estimates— $86 billion less than the deficit recorded last June. 

The federal budget deficit was $514 billion in the first nine months of fiscal year 2022 (that is, from October 2021 through June 2022), the Congressional Budget Office estimates. That amount is less than one-quarter of the $2.2 trillion shortfall recorded during the same period in 2021. Revenues were $779 billion (or 25 percent) higher and outlays were $945 billion (or 18 percent) lower than during the same period a year ago. 


No comments:

Post a Comment