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US May Federal budget deficit $240 billion vs $236 billion expected

US May Federal budget deficit $240 billion vs $236 billion expected
Year ago May deficit was $66 billionApril surplus was $176 billionYear to data deficit at $1.165 trillion vs $246 billion a year earlierOutlays $548 BReceipts $307 BI always find the gap between outlays and receipts to be the most ominous. You need to raise receipts (i.e. taxes) by a big amount to cover that gap, or cut a lot of spending on outlays.This year's gap is currently overstated because of how receipts were moved around last year but the trajectory certainly isn't. Moreover, a big part... Read More
Posted: Jun 12 2023, 18:04
Author Name: forexlive
Views: 101929

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