by Summary:
Almost all governments run deficits, so it’s a big deal when a government achieves a surplus. This graph includes data for all levels of U.S. government (local, state, and federal) on the net result of their lending and borrowing: A net deficit appears below the zero line, and a net surplus appears above the zero line. Notice the sudden jump in the fourth quarter of 2017 that reaches just above zero? This is a seasonally adjusted data series, by the way, so this jump has nothing to do with the regular influx of tax payments as the filing deadline approaches. (And that particular seasonal jump is in the second quarter, anyway.) So what’s going on here?... Notice "achieve." No one ever says, "achieve a deficit," only "achieve a balance" and "achieve a surplus."FRED BlogDid the U.S.
Topics:
Mike Norman considers the following as important: FRED, US fiscal balance, US fiscal surplus
This could be interesting, too:
Almost all governments run deficits, so it’s a big deal when a government achieves a surplus. This graph includes data for all levels of U.S. government (local, state, and federal) on the net result of their lending and borrowing: A net deficit appears below the zero line, and a net surplus appears above the zero line. Notice the sudden jump in the fourth quarter of 2017 that reaches just above zero? This is a seasonally adjusted data series, by the way, so this jump has nothing to do with the regular influx of tax payments as the filing deadline approaches. (And that particular seasonal jump is in the second quarter, anyway.) So what’s going on here?... Notice "achieve." No one ever says, "achieve a deficit," only "achieve a balance" and "achieve a surplus."FRED BlogDid the U.S.
Topics:
Mike Norman considers the following as important: FRED, US fiscal balance, US fiscal surplus
This could be interesting, too:
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Almost all governments run deficits, so it’s a big deal when a government achieves a surplus. This graph includes data for all levels of U.S. government (local, state, and federal) on the net result of their lending and borrowing: A net deficit appears below the zero line, and a net surplus appears above the zero line. Notice the sudden jump in the fourth quarter of 2017 that reaches just above zero? This is a seasonally adjusted data series, by the way, so this jump has nothing to do with the regular influx of tax payments as the filing deadline approaches. (And that particular seasonal jump is in the second quarter, anyway.) So what’s going on here?...Notice "achieve." No one ever says, "achieve a deficit," only "achieve a balance" and "achieve a surplus."
FRED Blog
Did the U.S. government just achieve a surplus? : A closer look at our national accounts