Total receipts of $205.9 billion for November were $2.4 billion less than the year-ago period. Individual Income Taxes accounted for $93 billion of receipts while Social Insurance and Retirement also provided $93.0 billion. Corporate Income Tax receipts were negative $2 billion.
Total outlays in November were $410.9 billion, $63.9 billion more than the year-ago period. The largest outlay was $84 billion for Social Security, followed by Medicare at $77 billion. National Defense accounted for $62 billion of spending. Other large outlays included $46 billion for Income Security, $42 billion for Health, $33 billion for Net Interest, and $26 billion for Veterans' Benefits and Services.
The fiscal year-to-date deficit is $305.4 billion versus a deficit of $201.8 billion for the same period a year ago.
The budget deficit over the last 12 months is $882.6 billion.
|Deficit (-)/Surplus Fiscal YTD||-$305.4B||-$100.5B||-$779.0B||-$898.1B||-$684.0B|
|Deficit (-)/Surplus over last 12 months||-$882.6B||-$817.3B||-$779.0B||-$890.2B||-$783.8B|