Better Budget
12/16/2013 | | Economic forecasting, Eisenberg and housing economics, Eisenberg and public speaking, Elliot eisenberg, FY13 deficit, FY15 deficit, Federal budgeting, Graphsandlaughs, MLS, Multiple listing service, Public speaking economist, econ70, economist on TV, economist on radio, eisenberg and economics, federal deficit, funniest economist, funny housing economist, graphsandlaughs and eisenberg, housing sales, mortgage banking, outlays, politics and economics, receipts
During October and November 2013 the federal deficit was $231 billion, $61 billion better than a year earlier. Receipts were up by $34 billion to $380 billion and outlays were down by $27 billion. At this rate, the deficit for all of FY14 will be 3.3% of GDP, down from 4.1% in FY13 and a whopping 10.1% in FY09. The last surplus was in 2001 and was 1.25% of GDP.