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May Treasury Budget Preview - 14:00.........>

US DATA
US DATA: May Treasury Budget Preview - 14:00 EDT/19:00 BST
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- The US Treasury is expected to post a $199.0 billion budget gap in May based
on the Bloomberg consensus. An MNI survey of analysts centered on a $198 billion
gap.
- The forecasted deficit would be much larger than the $146.8 billion gap in May
2018, due in part to a calendar issue. June 1 was a Saturday in 2019, so some
transfer payments were shifted in May, artificially boosting outlays and
widening the gap. The effect will reversed with the June data.

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