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. Government Budget Value in the United States averaged -18757.92 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.

Government Budget Value in the United States is expected to be -62101.41 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 -152737.00 in 12 months time. In the long-term, the United States Government Budget is projected to trend around -62489.84 USD Million in 2020, according to our econometric models.

United States Government Budget
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-12 06:00 PM Monthly Budget Statement May $-208B $160B $-185.5B $-170B
2019-07-11 06:00 PM Monthly Budget Statement Jun $-8B $-208B $-6.35B $-106B
2019-08-12 06:00 PM Monthly Budget Statement Jul $-120B $-8.5B $-120B $-78B
2019-09-12 06:00 PM Monthly Budget Statement Aug $-200B $-120B $-195B $-200B
2019-10-10 07:00 PM Monthly Budget Statement Sep $-200B $ 109.9B
2019-11-13 07:00 PM Monthly Budget Statement Oct
2019-12-11 07:00 PM Monthly Budget Statement Nov



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.

Total outlays fell 1 percent from a year earlier to USD 428 billion, with social security accounting for USD 88 billion, medicare for USD 85 billion, national defence for USD 64 billion, health for USD 49 billion, income security for USD 45 billion, net interest for USD 35 billion, veterans' benefits & services for USD 25 billion, transportation for USD 10 billion, education for USD 9 billion and the remaining expenses for USD 18 billion.

Meanwhile, total receipts rose 4 percent to USD 228 billion, with individual income taxes accounting for USD 106 billion, social insurance & retirement for USD 96 billion, miscellaneous for USD 11 billion, excise taxes for USD 8 billion, customs duties for USD 7 billion and estate & gift taxes for USD 2 billion. 

The deficit for the fiscal year to date was USD 1.067 trillion, compared with USD 898 billion in the comparable period the year earlier. 

When adjusted for calendar effects, the deficit for August was USD 141 billion compared with an adjusted deficit of USD 146 billion in August 2018.


US Treasury | Agna Gabriel | agna.gabriel@tradingeconomics.com
9/12/2019 6:10:45 PM



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 -200344.00 -119695.00 214255.00 -233977.00 USD Million [+]
Government Spending 3293.82 3258.14 3328.05 599.63 USD Billion [+]
Government Revenues 227965.00 251348.00 535545.00 33111.00 USD Million [+]
Government Debt 22460467.00 22022369.00 22460467.00 60000.00 USD Million [+]
Fiscal Expenditure 428309.00 371043.00 439833.00 3842.00 USD Million [+]
Asylum Applications 7267.00 7682.00 16331.00 522.00 Persons [+]
Credit Rating 97.00 [+]
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 [+]


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. This page provides - United States Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Government Budget - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-200344.00 -119695.00 214255.00 -233977.00 1954 - 2019 USD Million Monthly
Current Prices, NSA




Country Last Previous
Argentina 4292.80 Jul/19
Australia 13326.00 May/19
Brazil -30263.00 Jul/19
Canada 958.00 Jun/19
China 45.60 Jul/19
France -109.70 Jul/19
Germany 7.47 Mar/19
India -5476.05 Jul/19
Indonesia -259900.00 Dec/18
Italy 7.80 Jun/19
Japan 72556.00 Mar/19
Mexico -33152.20 Jul/19
Netherlands 17.00 Mar/19
Russia 2560.62 Aug/19
Saudi Arabia -135704.00 Dec/18
Singapore 761.60 Jul/19
South Africa -107881.00 Jul/19
South Korea -24289.00 Jul/19
Spain -13922.00 Jul/19
Switzerland 2176.00 Dec/19
Turkey 10138765.00 Jul/19
United Kingdom 2652.00 Jul/19
United States -200344.00 Aug/19


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