The US government budget gap decreased sharply to USD 8 billion in June 2019 from USD 75 billion in the same month last year and compared to market expectations of USD 6.35 billion. Federal spending fell 12.5 percent on the year while receipts rose 5.6 percent. This was in part because of June 1 fell on a Saturday, a non-working day, which forced some federal payments into May. Government Budget Value in the United States averaged -18398.16 USD Million from 1954 until 2019, reaching an all time high of 214255 USD Million in April of 2018 and a record low of -233977 USD Million in February of 2019.

Government Budget Value in the United States is expected to be -62101.41 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in the United States to stand at -152737.00 in 12 months time. In the long-term, the United States Government Budget is projected to trend around -62489.84 USD Million in 2020, according to our econometric models.

United States Government Budget
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-10 06:00 PM Monthly Budget Statement Mar $-147B $-234B $-180.0B $-220B
2019-05-10 06:00 PM Monthly Budget Statement Apr $160B $-147B $165B $151B
2019-06-12 06:00 PM Monthly Budget Statement May $-208B $160B $-185.5B $-170B
2019-07-11 06:00 PM Monthly Budget Statement Jun $-8B $-208B $-6.35B $-106B
2019-08-12 06:00 PM Monthly Budget Statement Jul $-8B
2019-09-12 06:00 PM Monthly Budget Statement Aug
2019-10-10 07:00 PM Monthly Budget Statement Sep $ 109.9B



US Budget Deficit Narrows Sharply in June

The US government budget gap decreased sharply to USD 8 billion in June 2019 from USD 75 billion in the same month last year and compared to market expectations of USD 6.35 billion. Federal spending fell 12.5 percent on the year while receipts rose 5.6 percent. This was in part because of June 1 fell on a Saturday, a non-working day, which forced some federal payments into May.

Total outlays slipped 12.5 from a year earlier to USD 342 billion, with social security accounting for USD 93 billion, national defense for USD 51 billion, health for USD 48 billion, net interest for USD 40 billion, education for USD 36 billion, income security for USD 24 billion, Medicare for USD 22 billion, transportation for USD 9 billion, veterans' benefits & services for USD 8 billion, and the remaining expenses for USD 11 billion.

Meanwhile, total receipts increased 5.6 percent to USD 334 billion, with individual income taxes accounting for USD 141 billion, social insurance & retirement for USD 121 billion, corpoartion income taxes for USD 51 billion, excise taxes for USD 7 billion, miscellaneous for USD 7 billion, customS duties for USD 6 billion, and estate & gift taxes for USD 1 billion. 

The deficit for the current fiscal year was USD 747 billion, higher than a USD 607 billion gap in the comparable fiscal year.

When adjusted for calendar effects, the deficit was USD 55 billion for the fiscal year to date versus USD 30 billion in the comparable prior period.



US Treasury | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
7/11/2019 6:33:41 PM



United States Government Last Previous Highest Lowest Unit
Government Debt to GDP 106.10 104.80 118.90 31.80 percent [+]
Government Budget -3.80 -3.50 4.50 -9.80 percent of GDP [+]
Government Budget Value -8000.00 -208000.00 214255.00 -233977.00 USD Million [+]
Government Spending 3211.03 3188.70 3328.05 599.63 USD Billion [+]
Government Revenues 333952.00 232064.00 535545.00 33111.00 USD Million [+]
Government Debt 22023283.00 22026424.00 22115526.00 60000.00 USD Million [+]
Fiscal Expenditure 342429.00 439833.00 439833.00 3842.00 USD Million [+]
Asylum Applications 7267.00 7682.00 16331.00 522.00 Persons [+]
Credit Rating 97.00 [+]
Military Expenditure 633565.00 605803.00 784835.00 135632.00 USD Million [+]
Government Spending To GDP 38.00 38.20 43.30 33.40 percent [+]


United States Government Budget

Federal Government budget balance is the difference between budget receipts (income) and budget outlays (spending). A budget surplus is expressed as a positive value. A budget deficit is expressed as a negative value. This page provides - United States Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Government Budget - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-8000.00 -208000.00 214255.00 -233977.00 1954 - 2019 USD Million Monthly
Current Prices, NSA




Country Last Previous
Argentina -6598.20 Jun/19
Australia 13326.00 May/19
Brazil -47558.00 May/19
Canada -14900.00 Mar/19
China -48.70 May/19
France -83.90 May/19
Germany 5.87 Sep/18
India -3661.57 May/19
Indonesia -259900.00 Dec/18
Italy -16.95 Apr/19
Japan 72556.00 Mar/19
Mexico -5692.80 May/19
Netherlands 17.00 Mar/19
Russia 1561.07 Jun/19
Saudi Arabia -135704.00 Dec/18
Singapore 1697.60 Apr/19
South Africa -15882.00 May/19
South Korea -19104.00 May/19
Spain -15202.00 May/19
Switzerland 2176.00 Dec/19
Turkey -11869039.00 May/19
United Kingdom -2429.00 May/19
United States -8000.00 Jun/19


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