In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Tuesday, July 05, 2005

Budget Deficit: $581 Billion Year over Year

by Calculated Risk on 7/05/2005 03:58:00 PM

As of July 1, 2005 our National Debt is:

$7,827,306,264,287.53 (Over $7.8 Trillion)

As of July 1, 2004, our National Debt was:

$7,246,142,474,951.77

SOURCE: US Treasury.


Click on graph for larger image.

For comparison:
For Fiscal 2004 (End Sept 30, 2004): $596 Billion
For Jan 1, 2004 to Jan 1, 2005: $609.8 Billion
For Feb 1, 2004 to Feb 1, 2005: $618.6 Billion
For Mar 1, 2004 to Mar 1, 2005: $635.9 Billion
For Apr 1, 2004 to Apr 1, 2005: $660.9 Billion
For May 1, 2004 to May 1, 2005: $648.8 Billion
For Jun 1, 2004 to Jun 1, 2005: $588.0 Billion
For Jul 1, 2004 to Jul 1, 2005: $581.2 Billion

I still expect fiscal 2005 to set a new nominal budget deficit record although it might be close. The current record annual increase in the National Debt is $596 Billion for fiscal '04.