$122.82 Billion in Receipts, $326.35 Billion in Expenditures in February
According to the Department of the Treasury, the United States posted a deficit of $203.54 billion in February.
The country brought in $122.8 billion and spent $326.3 billion during the month of February, for a total loss of $203.5 billion.
February is typically the worst month of the year for the country from a fiscal standpoint.
As bad as the $203.5 billion number was, it is still markedly lower than the $231.7 billion deficit that was posted in February of 2012.
Let's take look at the February deficit numbers from 2007 until 2013:
2007 - $120.0 billion deficit
2008 - $175.56 billion deficit
2009 - $193.86 billion deficit
2010 - $220.91 billion deficit
2011 - $222.5 billion deficit
2012 - $231.68 billion deficit
2013 - $203.5 billion deficit
Higher taxes and a strengthening economy have led to a shrinking deficit. The United States is currently on track to post its first deficit of less than $1 trillion since 2008.
Source: Deficit and Surplus History
Filed under: General Knowledge