The US posted a budget deficit of USD 163 billion in January 2021, compared with a USD 32.6 billion gap in the same period last year and surpassing market expectations of USD 150 billion. Outlays jumped to USD 547 billion, while receipts declined to USD 385 billion. The spending figure included the USD 900 billion relief package Congress finally passed after months of wrangling. Spending for income security was recorded at USD 228 billion, followed by outlays in social security (USD 69 billion), health (USD 65 billion), medicare (USD 57 billion), and national security (USD 54 billion). For the first four months of the 2021 fiscal year started October 1st, the US federal deficit was a record-breaking USD 736 billion, as spending to deal with the COVID-19 pandemic surged while revenue declined. Outlays increased to USD 1924 billion due to spending on healthcare and coronavirus rescue programs and on unemployment compensation, while receipts declined to USD 1188 billion. source: Financial Management Service, US Treasury
Government Budget Value in the United States averaged -23063.93 USD Million from 1954 until 2021, 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 February of 2021.
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 -62489.84 in 12 months time. In the long-term, the United States Government Budget is projected to trend around -62489.84 USD Million in 2022 and -10000.00 USD Million in 2023, according to our econometric models.