Arab Today, arab today us budget posts first surplus in 4 months
Last Updated : GMT 06:15:24
Arab Today, arab today
Arab Today, arab today

US budget posts first surplus in 4 months

Arab Today, arab today

Arab Today, arab today US budget posts first surplus in 4 months

Washington - AFP

The US government budget showed a surplus in January for the first time since September as the overall budget deficit trended lower, Treasury Department data released Tuesday showed. The federal budget had a surplus of $2.9 billion, the biggest January surplus in five years, the Treasury said. In January 2012, the budget gap stood at $27.4 billion. The surplus caught analysts by surprise; the average estimate was a $2.0 billion deficit. The unexpected January surplus followed a $1.2 billion deficit in December, which had marked a sharp drop from the average $146.1 billion shortfall in the two prior months. In January, revenues jumped 16.1 percent from a year ago to $272.2 billion. Spending also increased but at a much slower pace, of 2.9 percent, to $269.3 billion. In the first four months of the 2013 fiscal year that began on October 1, the federal budget gap has shrunk 17 percent compared with the same period in 2012, to $290.4 billion. For the current fiscal year, the Obama administration forecast the deficit will come in below $1 trillion for the first time in five years, at $991 billion, or 6.1 percent of GDP. The United States reduced its budget deficit to 7.0 percent of gross domestic product, or economic output, in fiscal 2012, down from 8.7 percent of GDP in the prior year, under a tightening effort aimed at paring high debt and promoting sustainable growth. With GDP growth weak -- a 0.1 percent contraction in the 2012 fourth quarter -- and the unemployment rate at 7.9 percent, many Americans feel the country is still in recession despite its official exit in June 2009. A majority of 53 percent of voters said the economy was in a recession, according to a poll released Monday by Quinnipiac University.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us budget posts first surplus in 4 months Arab Today, arab today us budget posts first surplus in 4 months

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us budget posts first surplus in 4 months Arab Today, arab today us budget posts first surplus in 4 months

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Airbus CEO says won't cling to job

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israeli court convicts Palestinians of 2016

GMT 04:39 2017 Tuesday ,17 October

Israeli court convicts Palestinians of 2016
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Norway seeks 'Tesla tax' on electric cars

GMT 08:17 2017 Friday ,13 October

Norway seeks 'Tesla tax' on electric cars
Arab Today, arab today Safaa Sultan happy for “Love School”

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:19 2017 Wednesday ,11 October

Bosy reveals behind her participation in festival

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:16 2017 Friday ,13 October

Lufthansa to swallow lion's share

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday