Review of the US budget - Nomura

Analysts at Nomura offered a review of the US Budget:

Key Quotes:

"The federal budget deficit for FY 2017 totaled $180.8bn in November, a slight improvement from the $201.1bn deficit a year ago. Total spending reached $602.4bn, down 2.4% y-o-y, while total receipts totaled $421.6bn, up 1.3% y-o-y. As significant changes to fiscal policies are expected under the Trump administration with a Republican-controlled Congress, we expect increased discussions around federal budget in coming years".