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Monthly Budget Review for December 2013 1 (January 8, 2014)

handle is hein.congrec/cbo1424 and id is 1 raw text is: ....... .......... i~ . JANUARY 8, 2014 .... \\\\\\\\......ME ... Monthly Budget Review for December 2013 The federal government ran a budget deficit of $182 billion for the first three months of fiscal year 2014, CBO estimates, $111 billion less than the shortfall recorded in first three months of last year. Revenues are higher and outlays are lower than they were at the same point in fiscal year 2013. Budget Totals, October-December (Billions of dollars) Sources: Congressional Budget Office; Department of the Treasury. Based on the Monthly Treasury Statement for November 2013 and the Daily Treasury Statements for December 2013. Total Receipts: Up by 8 Percent in the First Quarter of Fiscal Year 2014 Receipts for the first three months of fiscal year 2014 totaled $664 billion, $48 billion more than receipts in the same period last year. Receipts, October-December (Billions of dollars) Sources: Congressional Budget Office; Department of the Treasury. Note: 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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