Last week, the Department of Treasury released its final fiscal 2011 monthly report, which shows the federal government’s FY 2011 deficit was about $1.3 trillion, which was 21 percent ($347 billion) less than originally forecast. Outlays were $3.6 trillion, about a 4 percent increase over FY 2010, while receipts rose to $2.3 trillion, an increase of about $1.4 billion from FY 2010. Interest on the federal debt also continued to grow, rising about $30 billion in fiscal 2011 to $227 billion.

Links: Department of Treasury Report