Government spending minus revenue (excluding public debt issuances & redemptions). Positive = government deficit = net injection into private sector. Negative = government surplus = net drain from private sector. DTS data: U.S. Treasury FiscalData API. GDP & CPI: St. Louis Fed (FRED).
Nominal: trailing 365-day net flows ÷ nominal GDP (quarterly BEA, interpolated). Real method 1: nominal % GDP minus trailing 12-month CPI-U — answers "is the injection outpacing inflation?". Real method 2: CPI-deflated net flows ÷ real GDP (chained 2017$) — the rigorous real fiscal impulse. Positive = private sector gaining real purchasing power. Negative = losing it.
| Date | Gov spending ($M) | Gov revenue ($M) | Impact ($M) | vs prior period |
|---|---|---|---|---|
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Impact = gov spending − gov revenue (ex public debt issuances & redemptions). Positive = gov deficit = net injection into private sector. Figures in millions of USD.