Germany continues to producer a fiscal surplus
This was never in doubt.
Here’s the report from Fitch.
Archives of “Surplus” tag
rssUS 2019 FY deficit was $984B compared to $779B a year ago
The latest budget numbers
- September surplus $82.2B vs $83.0B exp
- The FY deficit was 4.6% of GDP compared to 3.8% a year earlier
- Outlays $4.4T vs $4.1T a year ago
- Receipts $3.5T vs $3.3T a year ago
The US has had good growth for the past two years, but it’s come at a price.