Saturday, October 22, 2011

US Deficit for FY11

On October 14, 2011, Treasury Secretary Tim Geithner and OMB Director Jacob Lew announced that the federal deficit for FY11 was $1.299 trillion. Here are the numbers, including total receipts, total outlays, and deficit compared with the numbers projected in the federal budget published in February 2011:

Federal Finances
FY11 Outcomes
Receipts $2,174  $2,302
Deficit$1,645$1,299 now shows the new numbers for total outlays and receipts, but will not update detailed FY2011 numbers until the FY2013 federal budget is published in February 2012.

1 comment:

  1. We had some other federal deficit estimates in our 2012 govt. budget and spending forecast--

    I have a 2012 ranking of states in per-capita govt. spending—would be delighted to send a link, if interested. The ranking has some surprises.
    Here’s our previous ranking: Texas tops list of states with low per-capita spending


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