The US posted a budget deficit of USD 125 billion in September 2020, the fiscal year's final month, compared with an USD 83 billion surplus in the same period last year and market expectations of a USD 124 billion gap. Outlays jumped 71 percent to USD 498 million, amid efforts to support the economy hit by the coronavirus crisis; while receipts were almost unchanged at USD 373 billion, as higher Federal Reserve earnings and excise tax collections offset lower personal and corporate income tax revenues. Considering the 2020 fiscal year, the budget deficit hit an all-time high of USD 3.132 trillion, more than double the previous record of USD 1.416 trillion during fiscal 2009, as outlays jumped USD 2.105 trillion from the previous year to a total of USD 6.55 trillion, boosted by spending on healthcare and unemployment compensation, and the cost of small business and corporate rescue programs approved by Congress. source: Financial Management Service, US Treasury

Government Budget Value in the United States averaged -22260.16 USD Million from 1954 until 2020, reaching an all time high of 214255 USD Million in April of 2018 and a record low of -864074 USD Million in June 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 October of 2020.

Government Budget Value in the United States is expected to be -62500.49 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 5000.00 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
-124611.00 -200012.00 214255.00 -864074.00 1954 - 2020 USD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-13 06:00 PM Jun $-864B $-399B $-863B $ -975B
2020-08-12 06:00 PM Jul $-63B $-864B $-193B $-200B
2020-09-11 06:00 PM Aug $-200B $-63B $-245B $-180B
2020-10-16 06:00 PM Sep $-125B $-200B $-124B $-100B
2020-11-12 07:00 PM Oct $-125B $-110B
2020-12-10 07:00 PM Nov $-210B


News Stream
US Posts Largest Budget Gap on Record in FY 2020
The US posted a budget deficit of USD 125 billion in September 2020, the fiscal year's final month, compared with an USD 83 billion surplus in the same period last year and market expectations of a USD 124 billion gap. Outlays jumped 71 percent to USD 498 million, amid efforts to support the economy hit by the coronavirus crisis; while receipts were almost unchanged at USD 373 billion, as higher Federal Reserve earnings and excise tax collections offset lower personal and corporate income tax revenues. Considering the 2020 fiscal year, the budget deficit hit an all-time high of USD 3.132 trillion, more than double the previous record of USD 1.416 trillion during fiscal 2009, as outlays jumped USD 2.105 trillion from the previous year to a total of USD 6.55 trillion, boosted by spending on healthcare and unemployment compensation, and the cost of small business and corporate rescue programs approved by Congress.
2020-10-16
US August Budget Deficit Smaller than Expected
The US budget deficit was at USD 200 billion in August of 2020, matching the gap in the corresponding month of the previous year, but lower than market expectations of a USD 245 billion shortfall. Receipts decreased to USD 223 billion from USD 228 billion a year earlier, while outlays in August were USD 423 billion, down from USD 428 billion a year earlier. The August deficit brought the fiscal year-to-date deficit to an all-time high of USD 3.007 trillion, nearly triple the USD 1.067 trillion shortfall for the comparable period of 2019, boosted by an increase in government spending to support the economic fallout from the COVID-19 outbreak.
2020-09-11
US Budget Deficit Narrows More than Expected
The US budget deficit narrowed to USD 63 billion in July of 2020 from USD 120 billion in the corresponding month of the previous year and compared with market expectations of a USD 193 billion gap. Receipts more than doubled from a year earlier to USD 563 billion because of payment of non-withheld taxes, while outlays in July were USD 626 billion, up from USD 371 billion a year earlier. The July deficit brought the fiscal year-to-date deficit to USD 2.81 trillion, compared to USD 867 billion for the comparable period of 2019.
2020-08-12
US Budget Deficit Widens to Record High
The US budget deficit widened to USD 864 billion in June of 2020 from USD 8 billion in the corresponding month of the previous year and compared with market expectations of a USD 863 billion gap. It was the largest monthly deficit on record mainly due to continued strong spending on coronavirus relief programs. Outlays jumped 223% to USD 1.1 trillion, a record increase for any month, while receipts dropped 28% to USD 241 billion. The June deficit brought the year-to-date fiscal gap to $2.7 trillion, far eclipsing the previous full-year record of $1.4 trillion in 2009.
2020-07-13

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.