Economic Event | Treasury Budget |
Units | Billions of Dollars |
Current Period | Jun 2011 |
Release Date | Jul. 13. 11 |
Reported | -43.08 |
Consensus for Current Period | -60.7 |
Number of Forecasts | 14 |
Economic Surprise | 17.62 ( 29.03 % ) |
Prior Period | May 2011 |
Reported Value for Prior Period | -57.641 |
Revised From | |
Next Release Date | Aug. 10. 11 |
Next Release Time | 2:00 PM Eastern Time |
Source | http://fms.treas.gov/mts/mts0611.pdf |
Note | A deficit of $43.08B as against a deficit of $68.42B in Jun 2010 |
Description | Monthly Treasury Budget data tends to follow strong seasonal patterns which produce huge fluctuations in the deficit from month to month which does not imply much of long term budget trends. Since the data is not seasonally adjusted, one must compare year to year flows. April tends to be the month where the market regards this report since it has most tax inflows to the Treasury. |