The US budget deficit narrowed to USD 165 billion in October 2021, compared with a USD 284 billion gap in the same period last year and market expectations of a USD 179 billion gap. Outlays dropped 13.9 percent to USD 448.9 billion, while receipts soared 19.4 percent to USD 283.9 billion source: Financial Management Service, US Treasury

Government Budget Value in the United States averaged -25515.21 USD Million from 1954 until 2021, 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 November of 2021.

Government Budget Value in the United States is expected to be -45000.00 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 20000.00 USD Million in 2022 and -10000.00 USD Million in 2023, according to our econometric models.

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United States Government Budget


Calendar GMT Actual Previous Consensus TEForecast
2021-10-22 06:00 PM Sep $-62B $-171B $-60B $-90B
2021-11-10 07:00 PM Oct $-165B $-62B $-179B $-175B
2021-12-10 07:00 PM Nov $-165B $-150B


Related Last Previous Unit Reference
Government Budget Value -165055.00 -61544.00 USD Million Oct/21

News Stream
US Government Budget Deficit Narrows More than Expected
The US budget deficit narrowed to USD 165 billion in October 2021, compared with a USD 284 billion gap in the same period last year and market expectations of a USD 179 billion gap. Outlays dropped 13.9 percent to USD 448.9 billion, while receipts soared 19.4 percent to USD 283.9 billion
2021-11-10
US Posts 2nd Largest Budget Gap on Record in FY 2021
In the 2021 fiscal year, the US budget deficit reached $2.772 trillion, the second-highest on record, compared with the $3.132 trillion reported in 2020. Receipts jumped 18.3% to $4.046 trillion, amid higher individual and business income taxes from a recovering economy; while outlays rose 4.1% to $6.818 trillion due to continued spending to counteract the devastating effects of the global pandemic. The massive deficits in both years were only surpassed by a shortfall of $1.4 trillion in 2009 during the Obama administration, amid higher spending to lift the country out of a severe recession following the 2008 financial crisis. In September only, the budget deficit hit USD 62 billion, the fiscal year's final month, compared with a USD 125 billion shortfall a year ago and market expectations of a USD 60 billion gap. That was the smallest budget gap since January of 2020, as receipts grew 23.1% to $460 billion while outlays increased only 4.7% to $521 billion.
2021-10-22
US Budget Deficit Narrows in August
The US posted a budget deficit of USD 171 billion in August of 2021, compared with a USD 200 billion gap in the same period last year and broadly in line with market expectations of USD 173 million. Receipts for the month totalled USD 268 billion while outlays were USD 439 billion. For the first eleven months of the 2021 fiscal year, the US federal deficit came in at USD 2.711 trillion, below a USD 3.007 trillion deficit the year ealier.
2021-09-13

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.