The US government budget deficit went up to USD 205 billion in November 2018 from USD 139 billion in the same month of the previous year, above market expectations of USD 188 billion. It is the widest budget gap on record for a November month, as spending surged 18.4 percent to USD 411 billion while revenues fell 1.2 percent to USD 206 billion. Government Budget Value in the United States averaged -17996.27 USD Million from 1954 until 2018, reaching an all time high of 214255 USD Million in April of 2018 and a record low of -231677 USD Million in February of 2012.

Government Budget Value in the United States is expected to be -33824.00 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 -62101.00 in 12 months time. In the long-term, the United States Government Budget is projected to trend around -62490.00 USD Million in 2020, according to our econometric models.

United States Government Budget
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-13 06:00 PM Monthly Budget Statement $-214B $-77B $-156.5B $ -91.8B
2018-10-15 07:00 PM Monthly Budget Statement $119B $-214B $107.5B $70B
2018-11-13 07:00 PM Monthly Budget Statement $-100B $119B $-100B $ -27.8B
2018-12-13 07:00 PM Monthly Budget Statement $-205B $-100B $-188B $ -93B
2019-01-11 07:00 PM Monthly Budget Statement $-205B $ -33.8B
2019-02-12 07:00 PM Monthly Budget Statement
2019-03-12 06:00 PM Monthly Budget Statement



US Budget Deficit Hits Record for November Month



The US government budget deficit went up to USD 205 billion in November 2018 from USD 139 billion in the same month of the previous year, above market expectations of USD 188 billion. It is the widest budget gap on record for a November month, as spending surged 18.4 percent to USD 411 billion while revenues fell 1.2 percent to USD 206 billion.

Outlays increased 18.4 percent from a year earlier and totaled USD 411 billion, as social security accounted for USD 84 billion, Medicare for USD 77 billion, defense for USD 62 billion, income security for USD 46 billion, health for USD 42 billion, net interest for USD 33 billion, veterans' benefits and services for USD 26 billion, transportation and education for USD 8 billion each and other expenses for USD 26 billion.

Meanwhile, receipts fell 1.2 percent to USD 206 billion, as individual income taxes accounted for USD 93 billion, social security and other payroll taxes for USD 93 billion, excise taxes for USD 8 billion, custom duties for USD 6 billion, miscellaneous receipts for USD 6 billion and estate gift taxes for USD 1 billion. Meantime, corporate income taxes represented USD -2 billion.

In the first two months of the fiscal year that began on October 1st, the budget gap widened by 51 percent to USD 305.4 billion compared to USD 201.8 billion the same period a year earlier.


US Treasury | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
12/14/2018 12:03:17 PM


Recent Releases

US Government Budget Deficit Widens in October
The US government budget deficit increased to USD 100 billion in October 2018 from USD 63 billion in the same month of the previous year, matching market expectations. Outlays increased 18.3 percent to USD 353 billion while receipts climbed at a softer 7.4 percent to USD 253 billion.
Published on 2018-11-13

US Budget Surplus Widens in September
The US government budget surplus went up to USD 119 billion in September 2018 from USD 8 billion in the same month of the previous year. Figures came above market expectations of USD 71 billion, mainly due to a sharp decline in expenses as outlays for Military active duty and retirement, Veterans' benefits, Supplementary Social Security Income, and Medicare payments to Health Maintenance Organizations and prescription drug plans accelerated into August, because September 1, 2018, the normal payment date, fell on a non-business day. Social Security benefits also accelerated into August since September 3, 2018, the normal payment date, also fell on a non-business day.
Published on 2018-10-16

US August Budget Deficit Larger than Expected
The US government budget deficit nearly doubled to USD 214 billion in August 2018 from USD 108 billion in the same month of the previous year, above market expectations of USD 156.5 billion.
Published on 2018-09-13

US Budget Deficit Widens in July
The US budget deficit widened sharply to USD 77.0 billion in July 2018 from USD 42.9 billion in the same month of the previous year, slightly below market expectations of USD 77.8 billion.
Published on 2018-08-10



United States Government Last Previous Highest Lowest Unit
Government Debt to GDP 105.40 105.80 118.90 31.70 percent [+]
Government Budget -3.50 -3.20 4.50 -9.80 percent of GDP [+]
Government Budget Value -205000.00 -100491.00 214255.00 -231677.00 USD Million [+]
Government Spending 3192.17 3171.81 3328.05 599.63 USD Billion [+]
Government Revenues 205961.00 252692.00 510447.00 33111.00 USD Million [+]
Government Debt 21850094.00 21702370.00 21850094.00 253400.00 USD Million [+]
Fiscal Expenditure 410864.00 353183.00 433263.00 3842.00 USD Million [+]
Asylum Applications 6901.00 7709.00 16331.00 522.00 Persons [+]
Credit Rating 97.00 [+]
Military Expenditure 597177.90 600106.40 768465.80 132803.40 USD Million [+]
Government Spending To GDP 37.70 37.40 42.90 33.10 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-205000.00 -100491.00 214255.00 -231677.00 1954 - 2018 USD Million Monthly
Current Prices, NSA




Country Last Previous
Argentina -16585.90 Oct/18
Australia 999.00 Oct/18
Brazil -6107.00 Oct/18
Canada -1356.00 Sep/18
China 100.80 Oct/18
France -86.98 Oct/18
Germany 36.06 Jun/18
India -6485.83 Oct/18
Indonesia -347356.70 Dec/17
Italy -6.06 Oct/18
Japan -113831.00 Jun/18
Mexico 35850.40 Oct/18
Netherlands -8.90 Sep/18
Russia 3394.30 Nov/18
Saudi Arabia -238494.00 Dec/17
Singapore 1826.60 Sep/18
South Africa -37930.00 Oct/18
South Korea 28653.00 Oct/18
Spain -8384.00 Oct/18
Switzerland 1373.00 Dec/18
Turkey -8515327.00 Oct/18
United Kingdom -3357.00 Oct/18
United States -205000.00 Nov/18


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