Monthly Budget Review—Summary for Fiscal Year 2013

Congressional Budget Office

No 44716, Reports from Congressional Budget Office

Abstract: The federal government incurred a budget deficit of $680 billion in fiscal year 2013, which was $409 billion less than the deficit in fiscal year 2012. The fiscal year that just ended marked the first since 2008 that the deficit was under $1 trillion. As a share of the nation’s gross domestic product, the deficit declined from 6.8 percent in 2012 to 4.1 percent in 2013.

Date: 2013-11-07
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