The US government budget deficit narrowed slightly to USD 13.3 billion in December 2019 from USD 13.5 billion a year ago, compared to market expectations of USD 15 billion. Receipts advanced 7.4% on the year to USD 335.8 billion, with individual income taxes, social insurance & retirement and corporation income taxes accounting for the biggest share.Total outlays, in turn, increased 7.0% to USD 349.1 billion, with social security accounting, national defense, health, income security, net interest, medicare and veterans'benefits & services accounting for the largest share. For the January-December period, the budget gap hit USD 1.02 trillion, a level not seen since 2012, up 17.1 percent from 2018. In the first three months of the 2020 fiscal year, which began in October, the budget deficit widened 12 percent to USD 356.6 billion as spending and receipts rose 6.7 percent and 4.6 percent, respectively.
Government Budget Value in the United States averaged -19008.90 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. This page provides - United States Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Financial Management Service, US Treasury
Government Budget Value in the United States is expected to be -120000.00 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 -62500.49 in 12 months time. In the long-term, the United States Government Budget is projected to trend around -10000.00 USD Million in 2020, according to our econometric models.