Treasury Revenue Falls, Spending Rises and Deficit Soars

6/13/23 Updated Summary of Receipts, Outlays, and the Deficit/Surplus of the U.S. Government by Month.: 

Key Points:

• For FY 2023, total taxes and other revenues collected YTD are down 11.3% year-over-year.  
• Just as big a "problem" is SPENDING grew 9.4%!  
• Spending is up about 5.4% above the 4.0% year over year CPI inflation rate reported this morning.
• The deficit is up 27.1% in just a year!

This table shows a summary of receipts, outlays, and the deficit for the U.S. Government by Month.

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