Budget deficit larger than expected.
- January deficit -$33B vs -$11.5B estimate
- Fiscal 2020 year to date deficit $389B vs comparable fiscal 2019 YTD deficit of $310B
- Budget outlays $405B vs 331B January 2019
- Receipts $372B vs $340B in January 2019
Not good numbers for the budget deficit. The comparable year-to-date deficit is 25.4% higher than it was in 2019. The outlays are 22.3% higher than a year ago. The receipts are 9.4% higher than they were in 2019.
