August Budget deficit
The US monthly budget deficit for August came in at -$214.1b vs -187.0B estimate.
- Last year the deficit was -$107.7B
- receipts fell 3.2% year on year to $219.1B in August
- outlays rose 29.7% to $433.3 B
- year-to-date deficit at -$898.1B vs -$673.7B last year
- as of August, year-to-date receipts were up 0.6%, while outlays rose 6.7%
- treasury received $5.9B last month and $66.2B your date and deposits of earnings by Federal Reserve banks
The means of financing the deficit (in billions):
Those area some pretty hefty numbers.
If there are $500B of China imports and there is a 25% tariff imposed on those goods, that would be $125B from them for the year. Well it would help but will the tax receipts remain?
