Economic Event | Treasury Budget |
Units | Billions of Dollars |
Current Period | Dec 2012 |
Release Date | Jan. 11. 13 |
Reported | -0.26 |
Consensus for Current Period | -17.6 |
Number of Forecasts | 7 |
Economic Surprise | 17.34 ( 98.52 % ) |
Prior Period | Nov 2012 |
Reported Value for Prior Period | -172.112 |
Revised From | |
Next Release Date | Feb. 12. 13 |
Next Release Time | 2:00 PM Eastern Time |
Source | http://www.fms.treas.gov/mts/mts1212.pdf |
Note | A deficit of $.260B as against a deficit of $85.96B In December 2011 |
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. |