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.


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United States Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-13273.00 -208838.00 214255.00 -233977.00 1954 - 2019 USD Million Monthly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-10-25 06:00 PM Sep $83B $-200B $109B
2019-11-13 07:00 PM Oct $-134B $83B $-133B $-120B
2019-12-11 07:00 PM Nov $-209B $-134B $-196.5B $-220B
2020-01-13 07:00 PM Dec $-13.3B $-209B $-15B $-42B
2020-02-12 07:00 PM Jan $-13.3B $11B


News Stream
2019-12-11
US Government Budget Deficit Widens in November
The US budget deficit widened to USD 209 billion in November of 2019 from USD 205 billion a year earlier and compared with market expectations of a USD 197 billion gap. Receipts increased by 9.3 percent to USD 225.2 billion while outlays went up 5.6 percent to USD 434 billion.

2019-11-13
US Budget Gap Rises in October
The US budget deficit widened to USD 134 billion in October of 2019 from USD 100.5 billion a year earlier and compared with market expectations of a USD 133 billion gap. Receipts fell 2.8 percent to USD 245.52 billion while outlays went up 7.6 percent to USD 380 billion.

2019-10-25
US Budget Surplus Narrows in September
The US budget surplus narrowed to USD 83 billion in September 2019 from USD 119 billion in the corresponding month of the previous year. Federal spending jumped 29.8 percent on the year while receipts rose at a softer 8.9 percent. The budget gap for the full fiscal year 2018/19 was USD 984 billion, the largest deficit since 2012.

2019-09-12
US Budget Deficit Narrows Less than Expected
The US budget deficit narrowed to USD 200 billion in August of 2019 from USD 214 billion in the corresponding month of the previous year and compared with market expectations of a USD 195 billion gap. Federal spending fell 1 percent on the year while receipts rose 4 percent.

2019-08-12
US Budget Deficit Widens in July
The US budget deficit widened to USD 120 billion in July 2019 from USD 76.9 billion in the same month of the previous year and in line with market expectations. Outlays jumped 22.8 percent to USD 371 billion while receipts increased 11.6 percent to USD 251.3 billion.

2019-07-11
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.


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.

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 -13273.00 -208838.00 214255.00 -233977.00 USD Million [+]
Government Spending 3310.37 3296.55 3328.05 599.63 USD Billion [+]
Government Revenues 335805.00 225185.00 535545.00 33111.00 USD Million [+]
Government Debt 23201380.00 23076199.00 23201380.00 60000.00 USD Million [+]
Fiscal Expenditure 349078.00 434024.00 439833.00 3842.00 USD Million [+]
Asylum Applications 7267.00 7682.00 16331.00 522.00 Persons [+]
Credit Rating 98.00 [+]
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 [+]