Federal Taxes, Spending and Deficit All Set Records Through May


us deficit worthy christian news

(Worthy News) – The federal government set new records in the taxes it collected, the spending it engaged in and the deficit it ran through the first eight months of fiscal 2021 (October through May), according to the Monthly Treasury Statement.

Federal taxes hit a record $2,606,879,000,000 while federal spending climbed to $4,670,668,000,000, resulting in a federal deficit of $2,063,789,000,000.

When the historical October-through-May tax revenues are adjusted for inflation into May 2021 dollars (using the Bureau of Labor Statistics inflation calculator), the second-highest tax revenues for the October-through-May period came in fiscal 2016. That year the Treasury collected $2,397,198,010,000 in total tax revenues (in constant May 2021 dollars) in the first eight months of the fiscal year. [ Source: CNS News (Read More…) ]

14
people are currently praying.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Latest Worthy News

UN General Assembly Endorses Declaration for Palestinian Statehood, Israel Calls It a “Prize for Terror”
Memphis, Tennessee Leaders Thankful For National Guard Announcement
Trump Says Shooter Charlie Kirk In Custody ‘With High Degree Of Certainty’ While Also Warning Putin
Bolsonaro Sentenced to Over 27 Years in Coup Plot, Sparking U.S. Backlash and Brazilian Division
Report Warns Christian Persecution Rising In Turkey
Chinese Pastor Zhao Huaiguo Dies ‘After Years Of Persecution’
IDF: Over 200,000 Flee Gaza City as Operation “Gideon’s Chariots II” Looms
Trump Urges EU to Impose Tariffs on China and India Over Russia Oil Ties
Qatar to Host Emergency Arab-Islamic Summit After Israeli Strike on Hamas Leaders in Doha
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News