The Treasury Budget for January showed a surplus of $8.7 billion versus a surplus of $49.2 billion for the same period a year ago.
The Treasury Budget data is not seasonally adjusted, so the January surplus cannot be compared to the $13.5 billion deficit for December.
Total receipts of $340.0 billion for January were $21.0 billion less than the year-ago period. Individual Income Taxes accounted for $197 billion of receipts while Social Insurance and Retirement provided $115.0 billion. Corporate Income Tax receipts were $7 billion, as were Excise taxes, Custom Duties, and Miscellaneous. Estate and gift taxes totaled $1 billion.
Total outlays in January were $331.3 billion, $19.5 billion more than the year-ago period. The largest outlay was $86 billion for Social Security, followed by $52 billion for National Defense, and $51 billion for Medicare. Other large outlays included $44 billion for Health, $32 billion for Income Security, $29 billion for Net Interest, $12 billion for Education, $11 billion for Other, and $9 billion for Veterans' Benefits and Services.The fiscal year-to-date deficit is $310.5 billion versus a deficit of $175.7 billion for the same period a year ago. The budget deficit over the last 12 months is $913.5 billion.
|Deficit (-)/Surplus Fiscal YTD||-$310.3B||-$318.9B||-$305.4B||-$100.5B||-$779.0B|
|Deficit (-)/Surplus over last 12 months||-$913.5B||-$873.0B||-$882.6B||-$817.3B||-$779.0B|