Deficit Nearly $90 Billion Less Than March of 2012

According to the Department of the Treasury, the United States posted a deficit of $106.53 billion in March. This was more or less in line with what the CBO (Congressional Budget Office) was forecasting for March.

In the month of March, the United States posted revenues of $186.018 billion and expenditures of $292.548 billion, for a total deficit of $106.530 billion.

This is a marked improvement from March of 2012, when the United States posted revenues of $171.215 billion and expenditures of $369.372 billion for a total deficit of $198.157 billion.

Let's look at the numbers for FY2013 so far:

October 2012 - $119.995 billion Deficit
November 2012 - $172.112 billion Deficit
December 2012 - $1.191 billion Deficit
January 2013 - $2.883 billion Surplus
February 2013 - $203.539 billion Deficit
March 2013 - $106.530 billion Deficit

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Finally, let's look at the deficit/surplus numbers from the last five years for the month of March:

March 2009 - $191.589 billion Deficit
March 2010 - $65.387 billion Deficit
March 2011 - $188.154 billion Deficit
March 2012 - $198.157 billion Deficit
March 2013 - $106.530 billion Deficit

Source: A History of Surpluses and Deficits in the United States

Filed under: General Knowledge