US government outlays rose 18 percent from a year earlier and totaled USD 353 billion in October of 2018, as social security accounted for USD 84 billion, defense for USD 69 billion, Medicare for USD 53 billion, health for USD 44 billion, net interest for USD 32 billion, income security for USD 32 billion, veterans' benefits and services for USD 17 billion, agriculture for USD 8 billion, transportation for USD 8 billion and other expenses for USD 7 billion. Fiscal Expenditure in the United States averaged 111059.32 USD Million from 1954 until 2018, reaching an all time high of 433263 USD Million in August of 2018 and a record low of 3842 USD Million in November of 1954.
Fiscal Expenditure in the United States is expected to be 298093.82 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Fiscal Expenditure in the United States to stand at 338324.18 in 12 months time. In the long-term, the United States Fiscal Expenditure is projected to trend around 338542.49 USD Million in 2020, according to our econometric models.