Monday, April 04, 2005

The Worsening General Fund Deficit

by Bill McBride on 4/04/2005 06:07:00 PM

Here is the current Year over Year deficit number (April 1, 2004 to April 1, 2005). As of April 1, 2005 our National Debt is:

$7,783,719,222,961.24 (that is almost $7.8 Trillion)

As of April 1, 2004, our National Debt was:

$7,122,841,728,666.17

So the General Fund has run a deficit of $660.9 Billion over the last 12 months. SOURCE: US Treasury

Click on graph for larger image.

For comparison:

For Fiscal 2004 (End Sept 30, 2004): $596 Billion

For Jan 1, 2004 to Jan 1, 2005: $609.8 Billion

For Feb 1, 2004 to Feb 1, 2005: $618.6 Billion

For Mar 1, 2004 to Mar 1, 2005: $635.9 Billion

It just keeps getting worse.

NOTE: I use the increase in National Debt as a substitute for the General Fund deficit. For technical reasons this is not exact, but it is close. Besides I think this is a solid measure of our indebtedness; it is how much we owe!