Rate this post by selecting a number. 1 is the worst and 5 is the best.

Author Message   Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3916 Registered: 05-2011 Posted From: 24.164.46.35 Rating: N/A Votes: 0 Posted on Wednesday, January 12, 2022 - 5:35 pm:    Economic Review: Treasury budget remains in deficit in December The Treasury Budget showed a $21.3 bln deficit in December versus a $143.6 bln deficit in the same period a year ago. The budget data is not seasonally adjusted, so the December deficit cannot be compared to the November deficit of $191.3 bln. December marked the 27th consecutive month that the Treasury has seen a budget deficit. The budget deficit over the last 12 months is $2.58 trln versus a deficit of $2.70 trln in November. Total receipts of $486.7 bln were $140.6 bln more than the same period last year. Individual income taxes were the largest source of receipts at $253.3 bln, followed by Social Insurance and Retirement at $116.9 bln, and corporate income taxes at $83.3 bln. Total outlays of $508.0 bln were $18.4 bln more than the same period last year. Spending was led by $134.9 bln for the Department of Health and Human Services, $105.3 bln for the Social Security Administration, $98.0 bln for interest payments, and 70.9 bln for defense.