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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Crimson Ghost who wrote (25329)	3/10/2005 6:38:47 PM
From: mishedlo	Read Replies (2) of 116555

U.S. Feb budget deficit $113.9 bln Thursday, March 10, 2005 7:48:52 PM forexstreet.com WASHINGTON (AFX) - The U.S. federal government ran a deficit of $113.9 billion in February, the Treasury Department said Thursday. This is a record budget deficit for any single month. It is up from $96.7 billion in February 2004. Receipts were up 8.8 percent year-over-year to $100.9 billion, while outlays grew 12.2 percent to $214.8 billion. Last week, the Congressional Budget Office had estimated February's deficit would be about $115 billion. So far in fiscal 2005, the government has run a deficit of $223.4 billion, about $5.1 billion less than last year at this time, the Treasury said For all of 2005, the CBO projects a deficit of $394 billion. The administration is projecting a deficit of $427 billion Interest on the public debt totaled $15.9 billion in February and $151.4 billion so far this fiscal year. This is up from $143.2 billion in the same period last year

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