Surprise: Government has Budget Surplus in September

There is a positive figure for the September budget but it is still down about $159 billion for the fiscal year

In August, the federal government had a deficit of about 55 billion. But, in September it had a $41.66 billion budget surplus. That compares to a $35.50 billion surplus a year earlier.

Despite the September surplus, the deficit for fiscal 2002 will still come in at about $159 billion. The administration says the deficit is due to the recession, stock market decline and increased spending-much of that for defense which includes fighting terrorism.

The White House says the deficits will continue until fiscal year 2005.

About the Author

Ralph Smith has several decades of experience in federal human resources. He has been a federal employee and contractor. He is a prolific author on a wide range of human resources topics. He has published books and newsletters on federal HR, and is a co-founder of two companies and several federal human resources newsletters. Follow Ralph on X: @RalphSmith47