The US government budget deficit narrowed to USD 147 billion in March 2019 from USD 209 billion in the same month last year and compared to market expectations of a USD 180 billion gap. Federal spending dropped 10 percent on the year while receipts were up 9 percent. Government Budget Value in the United States averaged -18397.52 USD Million from 1954 until 2019, reaching an all time high of 214255 USD Million in April of 2018 and a record low of -233977 USD Million in February of 2019.

Government Budget Value in the United States is expected to be -58600.70 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 -62737.48 in 12 months time. In the long-term, the United States Government Budget is projected to trend around -62489.84 USD Million in 2020, according to our econometric models.

United States Government Budget
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-13 07:00 PM Monthly Budget Statement $-14B $-205B $-11B $-20B
2019-03-05 07:00 PM Monthly Budget Statement $9B $-14B $25B $48B
2019-03-22 06:00 PM Monthly Budget Statement $-234B $9B $-227B $-220B
2019-04-10 06:00 PM Monthly Budget Statement $-147B $-234B $-180.0B $-220B
2019-05-10 06:00 PM Monthly Budget Statement $-147B
2019-06-12 06:00 PM Monthly Budget Statement
2019-07-11 06:00 PM Monthly Budget Statement



US March Budget Gap Smaller than Expected

The US government budget deficit narrowed to USD 147 billion in March 2019 from USD 209 billion in the same month last year and compared to market expectations of a USD 180 billion gap. Federal spending dropped 10 percent on the year while receipts were up 9 percent.

Total outlays fell 10 percent from a year earlier to USD 376 billion, with social security accounting for USD 87 billion, national defense for USD 58 billion, income security for USD 57 billion, Medicare for USD 53 billion, health for USD 48 billion, net interest for USD 37 billion, veterans' benefits & services for USD 13 billion, education for USD 9 billion, transportation for USD 6 billion and the remaining expenses for USD 7 billion.

Meanwhile, total receipts rose 9 percent to USD 229 billion, with social insurance & retirement accounting for USD 102 billion, individual income taxes for USD 97 billion, corporate income taxes for USD 9 billion, excise taxes for USD 8 billion, miscellaneous for USD 6 billion, custom duties taxes for USD 5 billion and estate & gift taxes for 1 billion.

The deficit for the current fiscal year was USD 691 billion, higher than a USD 600 billion gap a year earlier.

When adjusted for calendar effects, the deficit remained at USD 691 billion for the fiscal year to date but was USD 603 billion for the comparable year-ago period.


US Treasury | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/10/2019 6:40:09 PM



United States Government Last Previous Highest Lowest Unit
Government Debt to GDP 105.40 105.80 118.90 31.70 percent [+]
Government Budget -3.80 -3.50 4.50 -9.80 percent of GDP [+]
Government Budget Value -146945.00 -233977.00 214255.00 -233977.00 USD Million [+]
Government Spending 3188.70 3192.01 3328.05 599.63 USD Billion [+]
Government Revenues 228811.00 167265.00 510447.00 33111.00 USD Million [+]
Government Debt 22027880.00 22115526.00 22115526.00 253400.00 USD Million [+]
Fiscal Expenditure 375756.00 401243.00 433263.00 3842.00 USD Million [+]
Asylum Applications 7267.00 7682.00 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 38.00 38.20 43.30 33.40 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-146945.00 -233977.00 214255.00 -233977.00 1954 - 2019 USD Million Monthly
Current Prices, NSA




Country Last Previous
Argentina 6726.40 Feb/19
Australia 10724.00 Feb/19
Brazil -45013.00 Feb/19
Canada -1536.00 Jan/19
China -30.00 Feb/19
France -36.90 Feb/19
Germany 5.87 Sep/18
India -8514.99 Feb/19
Indonesia -259900.00 Dec/18
Italy -27.22 Feb/19
Japan -41094.00 Dec/18
Mexico 15108.90 Feb/19
Netherlands 1.50 Dec/18
Russia 545.67 Mar/19
Saudi Arabia -238494.00 Dec/17
Singapore 830.00 Feb/19
South Africa 20781.00 Feb/19
South Korea -11804.00 Feb/19
Spain -11747.00 Feb/19
Switzerland 2176.00 Dec/19
Turkey -18675315.00 Feb/19
United Kingdom 6093.00 Feb/19
United States -146945.00 Mar/19


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