Treasury Budget Report

11-13-2013 4-40-34 PMThe E-mini S&P opened today at (1756.50). The day’s low price was hit within the first five minutes of opening at (1755.25). At 4:40 p.m. US/Eastern time the day’s high was reached at (1781.50). Each month, the U.S. Treasury releases a monthly report of the surplus or deficit of the federal government. Investors pay attention to changes in the budget balance of the annual fiscal year, as an indicator of budgetary trends. The deficit reduction continues into the first month of the government’s new fiscal year, with a $91.6 billion vs a deficit of $120.0 billion in October last year. That is a a 24 percent improvement. About $8 billion of the improvement is tied to calendar timing, meaning the actual year-on-year improvement is 17 percent. A gain in corporate income taxes are led by an 8 percent increase in receipts. The temporary government shutdown is perhaps to blame for outlays being down five percent. The year-on-year spending on defence is down 8 percent, with net interest expense down 18 percent.

Treasury Budget

10-30-2013 chartThe opening price on the E-mini S&P today was (1769). About five minutes after the opening around 9:35 a.m. US/Eastern time, the day’s high was reached at (1770.50). The day’s low of (1751.75) was hit at 2:30 p.m. Eastern time. There was a big improvement in the deficit announced with the Treasury’s post of a $75.1 billion surplus in the month of September. In the fiscal year of 2013, the deficit fell 37 percent to $680 billion. Individual taxes led the 13.3 percent rise of receipts. Defense spending is down 6.3 percent, bringing The total decline of 2.3 percent.