DATA VIEW (NOT A FORECAST): US BUDGET BALANCE IMPROVING
US budget balance suffered a significant blow during the fallout of 2008/9 us mortgage crisis. Government stimulus measures needed at the time to stop the downward spiral in US markets created a huge budged deficit. In addition, government tax revenues fell sharply (as most corporations failed to show profit, thus to pay corporate taxes).
Since 2011, however, situation in the budget balance started to improve. Urgent government aid was no longer required and tax revenues started to restore.
The chart above is updated once a year, however in order to see that the positive trend is still intact, one can calculate current year-to-year budget deficit by visiting the US Treasury website: fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/current.htm
Since 2011, however, situation in the budget balance started to improve. Urgent government aid was no longer required and tax revenues started to restore.
The chart above is updated once a year, however in order to see that the positive trend is still intact, one can calculate current year-to-year budget deficit by visiting the US Treasury website: fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/current.htm
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