ALSO OF INTEREST
> Monthly Budget Review
Monthly Budget Review
October 2010pdfblog post
Based on the Monthly Treasury Statement for August and the Daily Treasury Statements for September
Monthly Budget Review
September 2010pdfblog post
Based on the Monthly Treasury Statement for July and the Daily Treasury Statements for August
Monthly Budget Review
Based on the Monthly Treasury Statement for September and the Daily Treasury Statements for October
Abstract
The federal government recorded a total budget deficit of $1.3 trillion in fiscal year 2010, $122 billion less than the deficit incurred in 2009. The federal deficit fell as a share of the nation's gross domestic product (GDP) from 10.0 percent in 2009 to 8.9 percent in 2010--the second-highest deficit as a share of GDP since 1945 and about four times the average deficit as a share of GDP recorded between 2005 and 2008.