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Posts Tagged: “budget“
December 13, 2022
・Exploring Finance
Budget Deficit: Is the Surge In Tax Revenues Over?
The Federal Government ran a deficit of $249 billion in November. This is the highest monthly deficit since July 2021 if you ignore the one-time student loan forgiveness-driven deficit in September.
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Exploring Finance
January 14, 2022
・Exploring Finance
Can the Deficit Fall Below $1 Trillion in 2022?
In the calendar year 2021, federal tax revenues surged by an incredible 25% compared to 2020 and were up 22.8% over 2019 (pre-COVID). But the surge in tax revenues was not enough to overcome a record $6.8 trillion in spending, breaking the spending record set in 2020 by 1.6%.