| Definition:
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The Treasury's monthly accounting of the surplus or deficit in the U.S. federal budget. The budget report also details receipts and outlays. The budget information is reported on a monthly basis with fiscal year-to-date comparisons.
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| Meaning:
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The treasury budget is studied for long-term trends because the month-to-month tally tends to fluctuate. Analysts like to follow the government's tax receipts as an indicator of economic strength. For example, higher tax receipts (hence, a lower deficit) reflect a strong economy.
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| Weight:
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*
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| Source:
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Department of Treasury
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| Availability:
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Released on the 15th workday of the month following the reference month.
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| Frequency:
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Monthly
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| Coverage:
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Data is for the previous month (Data for June is released in July)
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| Volatility:
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Low
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Impact on the Markets:
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| Interest Rates:
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Budget Deficit *  =
Interest Rates *deficit becomes more negative
Budget Deficit  = Interest Rates
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| Fixed-income:
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Budget Deficit * = Bond Market
Budget Deficit = Bond Market
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| Equities:
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Budget Deficit * = Stock Market
Budget Deficit = Stock Market
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| Dollar:
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Budget Deficit * = Uncertain
Budget Deficit = Uncertain
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| More Information:
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Department of Treasury
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