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Friday, March 5, 2021

US August monthly budget deficit $200.1B vs $235.4B expected

Deficit beats estimates as unemployment benefits trimmed

  • Last August deficit was $200.0B

The annually comparison is really a poor one because August 1 fell on a weekend and that changed the timing of payments. If you adjust for calendar shifts, the deficit would have been $255B vs $146B last year.

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Still, considering there’s a pandemic that’s not bad.

Where the deficit fundamentally comes in is dependent upon what gets passed with regards to stimulus or forgiving payroll taxes. Both are unlikely.

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