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Tag Archives: budget surplus

CBO: Federal Budget Deficit at $159B After 4 Months of FY 2017

A new Congressional Budget Office report shows that federal budget shortfall hit $159 billion after the first four months of fiscal 2017, approximately $1 billion lower than the figure recorded for the same period in fiscal 2016. CBO said Tuesday total amount of receipts associated with individual and corporate income taxes as well …

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CBO: US Budget Shortfall at $397B After 9 Months of FY 2016

A Congressional Budget Office report shows the federal government’s budget deficit for the first nine months of fiscal 2016 reached $397 billion, up $81 billion from the shortfall recorded for the same period in fiscal 2015. CBO said Friday that revenues grew one percent to about $2.5 trillion and expenditures increased by four percent to $2.9 trillion over the past …

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CBO: US Posts $109B Budget Surplus in April

A Congressional Budget Office report says the U.S. posted a budget surplus of $109 billion for the month of April 2016, about $47 billion less than the amount of surplus recorded in the same month last year. CBO said Friday the government’s total receipts fell 7 percent to $440 billion during April while …

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CBO Sees $29B Decline in Federal Deficit Over 4 Months

A new Congressional Budget Office report shows that federal budget deficit amounted to $165 billion after four months of fiscal 2016, about $29 billion lower than the figure for the same period in fiscal 2015. CBO said Friday total amount of revenues earned by the government through individual and corporate income taxes …

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