Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: sciAticA errAticA who wrote (31825)	4/18/2003 7:53:45 PM
From: sciAticA errAticA	Read Replies (2) of 74559

US: $58 Billion Budget Shortfall in March Reuters Friday, April 18, 2003; 2:11 PM WASHINGTON (Reuters) - The U.S. government posted a deficit in March of $58.71 billion, the Treasury Department said on Friday, bringing the year-to-date fiscal shortfall to more than a quarter of a trillion dollars. Halfway through the 2003 budget year and ahead of April's annual flood of income tax receipts, the government's balance sheet was in the red by $252.65 billion, compared to a deficit of $131.92 billion in the same period in the prior budget year. The March figure was lower, however, than March 2002's $64.24 billion gap. In its monthly projection, the Congressional Budget Office said it expected a smaller gap of about $54 billion, based on changes in the timing of monthly federal payments and receipts between March 2002 and 2003. Wall Street analysts, however, had been expecting a larger shortfall, $61.08 billion. washingtonpost.com ========== Well.... at $54B per month... we're on course for $648B for the year! If not for a payment timing exception that would be $732B LOL!

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