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.