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Monthly Budget Review for April 2013 1 (May 7, 2013)

handle is hein.congrec/cbo11046 and id is 1 raw text is: Monthly Budget Review for April 2013 The federal government ran a budget deficit of $489 billion in the first seven months of fiscal year 2013 (that is, from October 2012 through April 2013), according to CBO's estimates. That amount is $231 billion less than the shortfall recorded during the same period last year, primarily because revenue collections have been much greater than they were at this point in 2012. In contrast, federal spending so far this year has been slightly lower than what it was last year at this time. Budget Totals, October-April (Billions of dollars) Actual, FY 2012 Preliminary, FY 2013 Estimated Change Receipts 1,383 1,603 220 Outlays 2,103 2,092 -11 Deficit (-) -720 -489 231 Sources: Congressional Budget Office; Department of the Treasury. Based on the Monthly Treasury Statement for March 2013 and the Daily Treasury Statements for April 2013. Receipts From October Through April: Up 16 Percent Compared With Collections During the Same Period in Fiscal Year 2012 Receipts for the first seven months of fiscal year 2013 totaled $1,603 billion-$220 billion more than the amounts taken in over the same period last year, CBO estimates. Receipts, October-April (Billions of dollars) Sources: Congressional Budget Office; Department of the Treasury. The amounts shown in this report include the surplus or deficit in the Social Security trust funds and the net cash flow of the Postal Service, which are off-budget. Numbers may not add up to totals because of rounding.

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