13 July 2015

• U.S. Treasury Balance — June 2015


The Wall Street Journal says, “The Treasury's budget came in at an expected surplus of $51.8 billion in June. Now nine months into the government's fiscal year, the budget deficit stands at $313.4 billion which is a very solid 14.3 percent below this time last year.

"Total receipts are up 8.3 percent year-to-date with tax receipts very strong, up 11.6 percent year-to-date for individual taxes and up 8.7 percent for corporate taxes. The spending side is up 5.1 year-to-date with Medicare up 8.0 percent and defense down 1.7 percent….”

Please visit this link to see the Treasury Department statement: MothlyTreasuryStatment

NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions.

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