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Monthly Budget Review
The federal government incurred a budget deficit of $845 billion in the first eight months of fiscal year 2012, CBO estimates in its latest Monthly Budget Review—about $80 billion less than the shortfall reported during the same period last year. Without shifts in the timing of certain payments the deficit so far this year would have been about $50 billion smaller than the figure at the same point last year.      Federal Budget Deficit Totaled $721 Billion for the First Seven Months of 2012, CBO Estimates
The federal government incurred a budget deficit of $845 billion in the first eight months of fiscal year 2012, CBO estimates in its latest Monthly Budget Review—about $80 billion less than the shortfall reported during the same period last year. Without shifts in the timing of certain payments the deficit so far this year would have been about $50 billion smaller than last year’s figure. Revenues were 5 percent higher and outlays slightly lower than they were at this point in 2011. |
