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Tuesday, October 8, 2013

Full-Year Budget Report Will Be Delayed Due to Shutdown

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WASHINGTON–The U.S. Treasury Department on Friday said it would delay publication of its monthly budget statement while the government is shut down, potentially leaving deficit figures unknown in the midst of a debate over spending and revenue.

The next report, due out Oct. 10, is set to capture figures for September as well as the entire 2013 fiscal year, which runs from Oct. 1 to Sept. 30.

The Treasury said it would continue publication of its daily statement, which shows cash on hand, debt levels and other data, during the shutdown.

“All other functions will be delayed until the shutdown is resolved, including September month-end reporting and processing by agencies as well as fiscal year-end close processing, publication of the Monthly Treasury Statement, preparation of the Financial Report of the United States, audit activities and other processing system initiative efforts,” the Treasury said in a statement on its website.

The Congressional Budget Office estimates a full-year deficit of $642 billion, compared with nearly $1.1 trillion a year earlier and the smallest gap since 2008.

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