The United States recorded a Government Budget deficit equal to 4.60 percent of the country's Gross Domestic Product in 2019.

Government Budget in the United States averaged -2.18 percent of GDP from 1948 until 2019, reaching an all time high of 4.50 percent of GDP in 1948 and a record low of -9.80 percent of GDP in 2009. This page provides - United States Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Federal Government Budget - values, historical data and charts - was last updated on October of 2020. source: U.S. Treasury

Government Budget in the United States is expected to reach -12.90 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Federal Government Budget is projected to trend around -10.20 percent of GDP in 2021 and -8.70 percent of GDP in 2022, according to our econometric models.

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United States Federal Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-4.60 -3.80 4.50 -9.80 1948 - 2019 percent of GDP Yearly


United States Federal Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.