Visit FedSmith.com to subscribe to our free email list!

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 working with federal human resources issues. He has written extensively on a full range of human resources topics in books and newsletters and is a co-founder of two companies and several newsletters on federal human resources. Follow Ralph on Twitter: @RalphSmith47