US federal budget deficit for October $-284 billion vs. expected $-274.5 billion

Author: Greg Michalowski | Category: News

US federal budget deficit for October 2020

  • The US federal budget deficit for the month of October came in at a worse than expected $-284.1 billion vs. $-275 billion estimate. 
  • Last October the deficit came in at $-134.468 billion. 
  • Total receipts came in at $237.698 billion vs. $245.521 billion last year or -3.2%
  • Total spending rose to $521.769 billion from $379.988 billion last year or +37.3%
  • total Federal Reserve deposit of earnings came in at $7.43 billion
  • The deficit is 16% of GDP, the largest since 1945.  
The US fiscal year goes from October through September. This is the 1st month for the fiscal year.

Federal budget deficit
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