The US government budget deficit widened by 29% to USD 220 billion in August of 2022 from USD 171 billion in the corresponding month of the previous year, slightly higher than market expectations of a USD 214 billion gap. It was the biggest monthly budget deficit in over one year as higher spending on education, health services and interest on the public debt more than offset a double-digit increase in revenues. Outlays rose by 19% to USD 523 billion, marking the second growth in spending since the fiscal year started in October 2021. In the meantime, receipts grew by a softer 13% to USD 304 billion amid a sharp increase in individual income tax withholdings. The US federal deficit fell by 65% to USD 946 billion in the eleven months of the 2022 fiscal year. source: Financial Management Service, US Treasury

Government Budget Value in the United States averaged -26157.08 USD Million from 1954 until 2022, reaching an all time high of 308215 USD Million in April of 2022 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 2022.

Government Budget Value in the United States is expected to be -30000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Government Budget is projected to trend around 50000.00 USD Million in 2023 and -10000.00 USD Million in 2024, according to our econometric models.

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United States Government Budget



Calendar GMT Actual Previous Consensus TEForecast
2022-08-10 06:00 PM Jul $-211B $-89B $-194B $-101B
2022-09-13 06:00 PM Aug $-220B $-211B $-213.5B $-250B
2022-10-17 06:00 PM Sep $ -30B


Related Last Previous Unit Reference
Government Budget Value -219596.00 -211052.00 USD Million Aug 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-219596.00 -211052.00 308215.00 -864074.00 1954 - 2022 USD Million Monthly
Current Prices, NSA

News Stream
US Budget Gap Widens Sharply in August
The US government budget deficit widened by 29% to USD 220 billion in August of 2022 from USD 171 billion in the corresponding month of the previous year, slightly higher than market expectations of a USD 214 billion gap. It was the biggest monthly budget deficit in over one year as higher spending on education, health services and interest on the public debt more than offset a double-digit increase in revenues. Outlays rose by 19% to USD 523 billion, marking the second growth in spending since the fiscal year started in October 2021. In the meantime, receipts grew by a softer 13% to USD 304 billion amid a sharp increase in individual income tax withholdings. The US federal deficit fell by 65% to USD 946 billion in the eleven months of the 2022 fiscal year.
2022-09-13
US Budget Gap Narrows 30% in July
The US government budget deficit narrowed by 30% to USD 211 billion in July of 2022 from USD 302 billion in the corresponding month of the previous year, compared to market expectations of a USD 194 billion gap. Receipts grew by 3 percent to USD 269 billion, while outlays fell by 15% to USD 480 billion mainly due to COVID-19 relief spending. The US federal deficit was at USD 726 billion in the ten months of the 2022 fiscal year, 71% lower than the USD 2,54 billion from the corresponding period of 2021.
2022-08-10
US June Budget Deficit Larger than Expected
The US government budget deficit narrowed sharply to USD 89 billion in June of 2022 from USD 174 billion in the corresponding period of the previous year, compared to market expectations of a USD 76.5 billion gap. Receipts grew by 3 percent to USD 461 billion, marking a fresh record for the month of June as tax collections grew for individuals and corporations over the prior 12 months. At the same time, outlays fell by 12 percent from the previous year to USD 550 billion, largely due to the decline in pandemic-related relief for citizens and assistance to small businesses. The US federal deficit was at USD 515 billion in the nine months of the 2022 fiscal year, 77% lower than the USD 2,238 billion from the corresponding period of 2021.
2022-07-13