Monday, May 9, 2011

US On Track For $1.5 Trillion FY2011 Budget Deficit

According to CBO in its latest Monthly Budget Revue, through April 2011, US fiscal year 2011 revenues were $1,309 billion and outlays were $2,180 billion for a seven month budget deficit of $871 billion.

Annualized, the budget deficit for FY2011 will be about $1.5 trillion.

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