Total receipts of $232.0 billion for May were $15.0 billion more than the year-ago period. Individual Income Taxes accounted for $104.0 billion of receipts. Social Insurance and Retirement provided $107 billion. Corporate Income Tax receipts were just $0.4 billion. Excise Taxes, Miscellaneous Taxes Custom Duties Taxes, and Estate and Gift Taxes made up the remaining $22.0 billion of receipts.
Total outlays in May were $439.8 billion, $76.0 billion more than the year-ago period. The largest outlay was $98.0 billion for Medicare, followed by $88.0 billion for Social Security, $65 billion for National Defense and $49.0 billion for Health. Other large outlays included $48.0 billion for Income Security, $40 billion for Net Interest, and $27 billion for Veterans' Benefits and Services.The fiscal year-to-date deficit is $738.6 billion versus a deficit of $532.2 billion for the same period ago. The budget deficit over the last 12 months is $985.4 billion, versus $924.4 billion for the 12 months ending in April.
|Deficit (-)/Surplus Fiscal YTD||-$738.6B||-$530.9B||-$691.2B||-$544.2B||-$310.3B|
|Deficit (-)/Surplus over last 12 months||-$985.4B||-$924.4B||-$870.5B||-$932.3B||-$913.5B|