The US government budget surplus narrowed to USD 160 billion in April 2019 from USD 214 billion in the same month last year and compared to market expectations of USD 165 billion. Federal spending surged 27 percent on the year while receipts were up 5 percent. Government Budget Value in the United States averaged -18169.59 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 -58600.70 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 -62737.48 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
2019-03-05 07:00 PM Monthly Budget Statement $9B $-14B $25B $48B
2019-03-22 06:00 PM Monthly Budget Statement $-234B $9B $-227B $-220B
2019-04-10 06:00 PM Monthly Budget Statement $-147B $-234B $-180.0B $-220B
2019-05-10 06:00 PM Monthly Budget Statement $160B $-147B $165B $151B
2019-06-12 06:00 PM Monthly Budget Statement $160B $-170B
2019-07-11 06:00 PM Monthly Budget Statement
2019-08-12 06:00 PM Monthly Budget Statement



US Budget Surplus Narrows Sharply in April

The US government budget surplus narrowed to USD 160 billion in April 2019 from USD 214 billion in the same month last year and compared to market expectations of USD 165 billion. Federal spending surged 27 percent on the year while receipts were up 5 percent.

Total outlays jumped 27 percent from a year earlier to USD 375 billion, with social security accounting for USD 87 billion, Medicare for USD 55 billion, national defense for USD 55 billion, health for USD 49 billion, income security for USD 46 billion, net interest for USD 38 billion, veterans' benefits & services for USD 17 billion, education for USD 9 billion, transportation for USD 6 billion and the remaining expenses for USD 12 billion.

Meanwhile, total receipts rose 5 percent to USD 536 billion, with individual income taxes accounting for USD 333 billion, social insurance & retirement for USD 135 billion, corporate income taxes for USD 45 billion, miscellaneous for USD 8 billion, excise taxes for USD 7 billion, custom duties taxes for USD 5 billion and estate & gift taxes for 2 billion.

The deficit for the current fiscal year was USD 531 billion, higher than a USD 385 billion gap a year earlier.

When adjusted for calendar effects, the surplus in April was USD 158 billion, compared to USD 169 billion last year.


US Treasury | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/10/2019 6:16:15 PM



United States Government Last Previous Highest Lowest Unit
Government Debt to GDP 105.40 105.80 118.90 31.70 percent [+]
Government Budget -3.80 -3.50 4.50 -9.80 percent of GDP [+]
Government Budget Value 160305.00 -146945.00 214255.00 -233977.00 USD Million [+]
Government Spending 3207.68 3188.70 3328.05 599.63 USD Billion [+]
Government Revenues 535545.00 228811.00 535545.00 33111.00 USD Million [+]
Government Debt 22027668.00 22027880.00 22115526.00 253400.00 USD Million [+]
Fiscal Expenditure 375240.00 375756.00 433263.00 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
160305.00 -146945.00 214255.00 -233977.00 1954 - 2019 USD Million Monthly
Current Prices, NSA




Country Last Previous
Argentina 498.50 Apr/19
Australia 7020.00 Apr/19
Brazil -62175.00 Mar/19
Canada 4306.00 Feb/19
China -347.50 Mar/19
France -40.71 Mar/19
Germany 5.87 Sep/18
India -8514.99 Feb/19
Indonesia -259900.00 Dec/18
Italy -26.03 Mar/19
Japan -41094.00 Dec/18
Mexico 3143.60 Mar/19
Netherlands 1.50 Dec/18
Russia 693.29 Apr/19
Saudi Arabia -238494.00 Dec/17
Singapore -9045.20 Mar/19
South Africa -3327.00 Mar/19
South Korea -17321.00 Mar/19
Spain -6754.00 Mar/19
Switzerland 2176.00 Dec/19
Turkey -14309064.00 Apr/19
United Kingdom -2778.00 Apr/19
United States 160305.00 Apr/19


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