The US posted a budget deficit of USD 174 billion in June 2021, compared with a deficit of USD 864 billion in the same period last year and market expectations of a USD 194.0 billion gap. Receipts jumped 87% year-on-year to USD 449 billion due to an earlier tax deadline this year. In addition, taxes withheld from wages increased by 33% and corporate taxes rose to USD 79 billion from USD 11 billion last year, helped by the continued labor market recovery. Meanwhile, outlays dropped 44% from a year earlier to USD 623 billion, largely due to the outsized impact on the deficit a year earlier from the implementation of the Paycheck Protection Program. Fiscal year-to-date deficit narrowed to USD 2.238 trillion from USD 2.744 trillion for the first nine months of the prior fiscal year. source: Financial Management Service, US Treasury
Government Budget Value in the United States averaged -24775.73 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 August of 2021.
Government Budget Value in the United States is expected to be -125000.00 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 -30000.00 in 12 months time. In the long-term, the United States Government Budget is projected to trend around -10000.00 USD Million in 2022, according to our econometric models.