US deficit slides

The US has reported a $US97.6 billion ($106.8 billion) deficit for July but remains on track to post its lowest annual budget gap in five years. The monthly figure raises the deficit so far for the 2013 budget year to $US607.4 billion, 37 per cent below the deficit for the first 10 months of the previous year.

By InvestSMART · 14 Aug 2013

By InvestSMART ·
14 Aug 2013

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Frequently Asked Questions about this Article…

What was the US budget deficit reported for July?

The article reports the US ran a $US97.6 billion deficit in July (shown as $106.8 billion in parentheses).

How large is the deficit so far in the 2013 budget year?

According to the article, the deficit so far for the 2013 budget year is $US607.4 billion.

How does the 2013 budget-year deficit to date compare with the previous year?

The article states the deficit for the first 10 months of the 2013 budget year is 37% below the deficit for the first 10 months of the previous year.

Does the July deficit change the US annual budget outlook?

The article says the July figure raises the deficit so far for the 2013 year, but the US remains on track to post its lowest annual budget gap in five years.

What does 'on track to post its lowest annual budget gap in five years' mean in the article?

The article indicates that despite the July deficit, current figures and trends leave the US positioned to record its smallest annual budget gap in five years.

Why are two dollar amounts shown for the July deficit ($US97.6 billion and $106.8 billion)?

The article presents the July deficit as $US97.6 billion with $106.8 billion shown in parentheses; the piece lists both figures but does not specify the reason for the second number.

What does 'first 10 months' refer to in the article's comparison?

The article compares the deficit accumulated in the first 10 months of the 2013 budget year with the deficit for the first 10 months of the previous year, showing a 37% reduction.

Does the article provide investment advice for everyday investors based on these deficit numbers?

No — the article reports the fiscal figures and the outlook that the US is on track for its lowest annual budget gap in five years, but it does not offer specific investment advice or recommendations.