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This seems like a volatile number - from the article >The January receipts grew by 21% to $465 billion, boosted by a 21% jump in individual withheld income and

by lumost 5y ago

This seems like a volatile number - from the article >The January receipts grew by 21% to $465 billion, boosted by a 21% jump in individual withheld income and payroll taxes that reflected higher employment and earnings due to the economic recovery. >January outlays fell 37% to $346 billion, partly as they did not include $142 billion in individual stimulus payments sent in January 2021. >The surplus for the month also was helped by the recognition of $70 billion in proceeds from a wireless spectrum auction, a U.S. Treasury official said. The trend-line is promising, I'd be curious if inflation is moving income into more taxable sources (at least on paper).

beerandt 5y ago
>January outlays fell 37% to $346 billion, partly as they did not include $142 billion in individual stimulus payments sent in January 2021. The dropoff in covid spending since congress is in a stalemate and didn't extend programs has clearly got to be the key here, right? When else have we had a YoY significant drop like that? Especially without being phased out with a taper. (No matter what everyone wants to argue about over receipts also going up. The why isn't as important because the what isn't uncommon.)