The United States on Tuesday reported a record USD 738 billion budget deficit in April of 2020, compared to a USD 160 billion surplus in the corresponding period of the previous year but lower than market expectations of a USD 747.50 billion gap. An explosion in government spending and a shrinking of revenues amid the novel coronavirus pandemic put it deeply into the red. Outlays jumped 161 percent to USD 980 billion, with income security accounting for the biggest share, followed by medicare and general government. Meantime, receipts dropped 55 percent to USD 242 billion with social insurance and retirement accounting for the largest share.

Government Budget Value in the United States averaged -20326.35 USD Million from 1954 until 2020, reaching an all time high of 214255 USD Million in April of 2018 and a record low of -737851 USD Million in April of 2020. This page provides - United States Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Government Budget - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: Financial Management Service, US Treasury

Government Budget Value in the United States is expected to be -7000.00 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 -20000.00 in 12 months time. In the long-term, the United States Government Budget is projected to trend around -62489.84 USD Million in 2021 and -10000.00 USD Million in 2022, according to our econometric models.

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United States Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-737851.00 -118988.00 214255.00 -737851.00 1954 - 2020 USD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-12 07:00 PM Jan $-33B $-13.3B $-11.5B $11B
2020-03-11 06:00 PM Feb $-235B $-33B $-236.25B $-240B
2020-04-10 06:00 PM Mar $-119B $-235B $-150B $-187B
2020-05-12 06:00 PM Apr $-738B $-119B $-747.5B $-810B
2020-06-10 06:00 PM May $-738B $-202B
2020-07-13 06:00 PM Jun $ -99B
2020-08-12 06:00 PM Jul $-130B
2020-09-11 06:00 PM Aug $-180B


News Stream
US Posts Record Budget Deficit
The United States on Tuesday reported a record USD 738 billion budget deficit in April of 2020, compared to a USD 160 billion surplus in the corresponding period of the previous year but lower than market expectations of a USD 747.50 billion gap. An explosion in government spending and a shrinking of revenues amid the novel coronavirus pandemic put it deeply into the red. Outlays jumped 161 percent to USD 980 billion, with income security accounting for the biggest share, followed by medicare and general government. Meantime, receipts dropped 55 percent to USD 242 billion with social insurance and retirement accounting for the largest share.
2020-05-12
US Budget Gap Lower than Expected
The US budget deficit narrowed to USD 119.1 billion in March of 2020 from USD 146.9 billion in the corresponding month of the previous year and lower than market expectations of a USD 150 billion gap. Outlays fell 5.3 percent to USD 355.9 billion, with social security accounting for the biggest share, followed by national defense and health. Outlays for military active duty and retirement, veterans benefits, supplemental security income, and medicare payments accelerated into February, because March 1st, the normal payment date, fell on a non-business day. Meanwhile, receipts rose 3.5 percent to USD 236.8 billion with social insurance and retirement accounting for the largest share. The effects of the coronavirus on the budget, resulting from higher outlays due to the $2.3 trillion CARES Act and lower receipts due to higher unemployment should have an impact only in April figures.
2020-04-10
US Budget Deficit Widens Less than Expected
The US budget deficit widened to USD 235 billion in February of 2020 from USD 234 billion in the corresponding month of the previous year and compared with market expectations of a USD 236 billion gap. Outlays rose 5.5 percent to USD 423 billion, with social security accounting for the biggest share, followed by individual income taxes and excise taxes. Meantime, while receipts went up 12.4 percent to USD 188 billion, with income security accounting for the largest share, followed by social security and national defense.
2020-03-11
US January Budget Deficit Largest than Expected
The United States recorded a budget deficit of USD 32.6 billion in January of 2020, switching from a budget surplus of USD 8.7 billion a year ago and above market forecasts of a USD 11.5 billion gap. Outlays increased 22 percent to USD 404.9 billion, with social security accounting for the biggest share, followed by medicare and national defense. Meanwhile, receipts went up 10 percent to USD 372.3 billion, with individual income taxes accounting for the largest share, followed by social insurance & retirement and corporation income taxes.
2020-02-12

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.