Monday, October 10, 2005

Congressional Monthly Budget Review

The Monthly Budget Review from the Congressional Budget Office is a well written two page synopsis of the Federal Budget for a given month.

Here's an excerpt from the October 2005 review:

The federal budget deficit totaled about $317 billion in fiscal year 2005, CBO estimates, $96 billion less than the shortfall recorded in 2004. Relative to the size of the economy, that deficit is equal to about 2.6 percent of the gross domestic product (GDP), down from 3.6 percent in 2004. Growth in revenues—from 16.3 percent of GDP in 2004 to about 17.5 percent in 2005—accounted for the improvement. Federal spending was approximately 20 percent of GDP in 2005, slightly higher than the corresponding percentages in 2003 and 2004. Hurricanes Katrina and Rita had relatively little effect on the 2005 budget results because they occurred so late in the fiscal year.
A link to the Monthly Budget Review is being added to the 'Recommended Sites' list on the right.


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