Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

You Are Here: Home » E-Government, Government Documents » CBO Monthly Budget Review, April 2010

CBO Monthly Budget Review, April 2010

by on

Monthly Budget Review, April 2010. Based on the Monthly Treasury Statement for February and the Daily Treasury Statements for March.

  • “The federal government incurred a budget deficit of $714 billion in the first six months of fiscal year 2010, CBO estimates, about $67 billion less than the shortfall recorded in the same period last year. Outlays and revenues are both lower than they were last year at this time, by 6 percent and 4 percent, respectively. The Treasury reported a deficit of $221 billion for February, about $2 billion less than CBO’s estimate for that month based on the Daily Treasury Statements. The deficit in March was $62 billion, CBO estimates, $129 billion less than the deficit recorded in the same month last year. Most of that difference stems from a revision in the projected cost of the Troubled Asset Relief Program (TARP). The Treasury is expected to report a reduction in outlays of $114 billion for that program in March, reflecting a significant reduction in its estimate of the net costs that will ultimately result from that program’s transactions.”
  • Related postings on financial system
    • LinkedIn

    Sorry, comments are closed for this post.