CBO: Monthly Budget Review

Monthly Budget Review, June 2008. Based on the Monthly Treasury Statement for April and the Daily Treasury Statements for May 2008.

  • “The federal government incurred a deficit of about $317 billion during the first eight months of fiscal year 2008, CBO estimates, $168 billion more than the shortfall recorded through May of last year. About $50 billion of that change is due to the distribution to individuals of the tax rebates enacted in the Economic Stimulus Act of 2008. That amount is just under half of the total rebates expected for this year; most of the remainder will be disbursed during the next two
    months.”
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    Posted in: E-Government, Government Documents
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