Please ensure Javascript is enabled for purposes of website accessibility
Free Article Join Over 1 Million Premium Members And Get More In-Depth Stock Guidance and Research

U.S. Logs $70.5 Billion Budget Surplus for June

By Justin Loiseau - Jul 11, 2014 at 3:32PM

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

Longer-term indicators point to increasingly balanced government books.

The Treasury Department announced a surplus of $70.5 billion for June, according to a report released today. 

After May's Treasury budget clocked in at a $130 billion deficit, analysts had been expecting a surplus for June. In the past decade, June's report has averaged in at $2.6 billion. For this June, analyst predictions of $86.5 billion proved slightly too optimistic. 

Overall June receipts (inflow) added up to $324 billion, while outlays totaled up to just $253 billion. Individual and corporate income taxes contributed just over $210 billion toward June's receipts.

Source: Treasury Department 

From a more long-term perspective, the deficit has totaled $366 billion so far this fiscal year. The fiscal year started Oct. 1, 2013. That's a substantial 28% improvement over the $510 billion deficit for the same period last year, and is the lowest year-to-date deficit June has seen since 2008. The improvement comes primarily from a boost in receipts, since this fiscal year's outlays still outweigh last year's by around $27 billion so far.

This report serves as another welcome sign that Uncle Sam is on track to keep cutting back on the budget deficit. Although June's surplus was to be expected, the continued strength of year-to-date receipts, as well as slower growth in outlays, are good indicators of increasingly balanced government books.

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
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 12/06/2021.

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

Our Most Popular Articles

Premium Investing Services

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