In January 2024, the US federal budget deficit narrowed to $22 billion (-$21.9B actual, est -$21.0B, prev -$38.8B), a significant improvement from previous figures. This reduction is attributed to a record increase in receipts for the month and a decrease in tax refunds, following the Internal Revenue Service's efforts to clear a backlog. Concurrently, the US Federal Government's debt has risen to $34.2 trillion, up from $32.8 trillion in September 2023. This period also saw an increase in debt-servicing costs, contributing to a widening budget deficit over the four months through January.
US January deficit falls sharply as receipts grow, tax refunds fall https://t.co/ESGMBm3xCg
The US budget deficit widened in the four months through January, as debt-servicing costs climbed further https://t.co/93yM0uWyqf
US January deficit falls sharply as receipts grow, tax refunds fall https://t.co/DpleZS6O8A https://t.co/6ypQbk8lsT
The US budget deficit widened in the four months through January, as debt-servicing costs climbed further https://t.co/kVUvSgV4BI
⚠️ US JANUARY DEFICIT FALLS SHARPLY AS RECEIPTS GROW, TAX REFUNDS FALL (Reuters) The U.S. federal budget deficit fell sharply in January to $22 billion as receipts hit a record for that month, partly because tax refunds fell after the Internal Revenue Service cleared a backlog… https://t.co/ZNXTYtPk2O
U.S. budget deficit narrowed to $22 billion in January https://t.co/UrFoZqOHyw
❖ U.S. (JAN) FEDERAL BUDGET BALANCE ACTUAL: -21.9B VS -38.8B PREVIOUS; EST -21.0
🇺🇸 Monthly Budget Statement (Jan) Actual: $-22B Expected: $-21B Previous: $-129B https://t.co/kXcPW75McQ
🔴 US FEDERAL BUDGET BALANCE ACTUAL -21.9B (FORECAST -21B, PREVIOUS -129.00B) $MACRO
US Monthly Budget Statement Jan: -$21.9B (est -$21.0B; prev -$38.8B)
Heads Up:🇺🇸 Monthly Budget Statement (Jan) due at 19:00 GMT (15min) Expected: $-21B Previous: $-129B https://t.co/kXcPW75McQ
🇺🇸 US Federal Government debt 5th of September, 2023: $32.8 trillion Now: $34.2 trillion