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.