Please ensure Javascript is enabled for purposes of website accessibility

Deficit Down 15% for Fiscal 2013

By Justin Loiseau - Apr 10, 2013 at 7:42PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Taxes are up and spending is down.

The deficit is down again for March, according to a Treasury Statement released (link opens in PDF) today. After a rare January surplus and a $203.5 billion February deficit, March's numbers drop Uncle Sam's deficit to $106.5 billion.

The improvement reflects both increased revenues (taxes) and decreased spending and showed significant upside over analysts' $172 billion deficit expectation.

Source: fms.treas.gov. 

So far for FY 2013, the national deficit stands at $600.5 billion, down 15.2% from FY 2012's $779 billion.

Overall revenues have risen 12.4%, with corporate and individual tax receipts up 18% and 14.7%, respectively.

Spending cuts haven't performed quite as well, but Uncle Sam has still managed to knock 2.5% off his outlays. Defense spending took a major squeeze, down 6.2% to $315 billion.  

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
345%
 
S&P 500 Returns
119%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/17/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.