The US budget deficit widened to USD 864 billion in June of 2020 from USD 8 billion in the corresponding month of the previous year and compared with market expectations of a USD 863 billion gap. It was the largest monthly deficit on record mainly due to continued strong spending on coronavirus relief programs. Outlays jumped 223% to USD 1.1 trillion, a record increase for any month, while receipts dropped 28% to USD 241 billion. The June deficit brought the year-to-date fiscal gap to $2.7 trillion, far eclipsing the previous full-year record of $1.4 trillion in 2009.

Government Budget Value in the United States averaged -21858.11 USD Million from 1954 until 2020, reaching an all time high of 214255 USD Million in April of 2018 and a record low of -864000 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 August of 2020. source: Financial Management Service, US Treasury

Government Budget Value in the United States is expected to be 91000.00 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 5000.00 in 12 months time. In the long-term, the United States Government Budget is projected to trend around -62489.84 USD Million in 2021 and -10000.00 USD Million in 2022, according to our econometric models.

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United States Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-864074.00 -398821.00 214255.00 -864074.00 1954 - 2020 USD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-10 06:00 PM Mar $-119B $-235B $-150B $-187B
2020-05-12 06:00 PM Apr $-738B $-119B $-747.5B $-810B
2020-06-10 06:00 PM May $-399B $-738B $-625B $-602B
2020-07-13 06:00 PM Jun $-864B $-399B $-863B $ -975B
2020-08-12 06:00 PM Jul $-864B $-130B
2020-09-11 06:00 PM Aug $-180B
2020-10-23 06:00 PM Sep $ -149B
2020-11-12 07:00 PM Oct $-110B


News Stream
US Budget Deficit Widens to Record High
The US budget deficit widened to USD 864 billion in June of 2020 from USD 8 billion in the corresponding month of the previous year and compared with market expectations of a USD 863 billion gap. It was the largest monthly deficit on record mainly due to continued strong spending on coronavirus relief programs. Outlays jumped 223% to USD 1.1 trillion, a record increase for any month, while receipts dropped 28% to USD 241 billion. The June deficit brought the year-to-date fiscal gap to $2.7 trillion, far eclipsing the previous full-year record of $1.4 trillion in 2009.
2020-07-13
US Budget Deficit Widens Less than Expected
The US budget deficit widened to USD 399 billion in May of 2020 from USD 208 billion in the corresponding month of the previous year and compared with market expectations of a USD 625 billion gap. Outlays rose 30% to USD 573 billion, while receipts dropped 25% to USD 174 billion driven by a 16% drop in individual withheld taxes and a 62% drop in corporate income tax payments.
2020-06-10
US Posts Record Budget Deficit
The United States on Tuesday reported a record USD 738 billion budget deficit in April of 2020, compared to a USD 160 billion surplus in the corresponding period of the previous year but lower than market expectations of a USD 747.50 billion gap. An explosion in government spending and a shrinking of revenues amid the novel coronavirus pandemic put it deeply into the red. Outlays jumped 161 percent to USD 980 billion, with income security accounting for the biggest share, followed by medicare and general government. Meantime, receipts dropped 55 percent to USD 242 billion with social insurance and retirement accounting for the largest share.
2020-05-12
US Budget Gap Lower than Expected
The US budget deficit narrowed to USD 119.1 billion in March of 2020 from USD 146.9 billion in the corresponding month of the previous year and lower than market expectations of a USD 150 billion gap. Outlays fell 5.3 percent to USD 355.9 billion, with social security accounting for the biggest share, followed by national defense and health. Outlays for military active duty and retirement, veterans benefits, supplemental security income, and medicare payments accelerated into February, because March 1st, the normal payment date, fell on a non-business day. Meanwhile, receipts rose 3.5 percent to USD 236.8 billion with social insurance and retirement accounting for the largest share. The effects of the coronavirus on the budget, resulting from higher outlays due to the $2.3 trillion CARES Act and lower receipts due to higher unemployment should have an impact only in April figures.
2020-04-10

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.