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.