The US government posted a $120 billion budget deficit in June 2026, a sharp reversal from the $27 billion surplus in the same month last year, although the deficit was narrower than market expectations for a $132.8 billion shortfall. The deficit was attributed to a large wave of refund payments for tariff increases imposed by President Donald Trump after they were ruled illegal by the Supreme Court. Government outlays rose to $616 billion from $499 billion in June 2025, while revenues declined to $496 billion from $526 billion. source: Financial Management Service, US Treasury

The United States recorded a government budget deficit of 120305 USD Million in June of 2026. Government Budget Value in the United States averaged -32913.03 USD Million from 1954 until 2026, reaching an all time high of 308215.00 USD Million in April of 2022 and a record low of -864074.00 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 July of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-10 06:00 PM
Monthly Budget Statement
May $-293B $215B $-275M $-310.0B
2026-07-13 06:00 PM
Monthly Budget Statement
Jun $-120B $-293B $-132.8B $21.0B
2026-08-12 06:00 PM
Monthly Budget Statement
Jul $-120B $-340.0B



Components Last Previous Unit Reference
Fiscal Expenditure 616067.00 628161.00 USD Million Jun 2026
Government Revenues 495761.00 335512.00 USD Million Jun 2026

Related Last Previous Unit Reference
Asylum Applications 874106.00 909876.00 Persons Dec 2025
Credit Rating 97.00 Jul 2026
Government Budget -5.90 -6.30 percent of GDP Dec 2025
Monthly Budget Statement -120305.00 -292648.00 USD Million Jun 2026
Government Debt 39462398.00 39207760.00 USD Million Jun 2026
Government Debt to GDP 123.30 121.70 percent of GDP Dec 2025
Government Spending 3992.20 4000.20 USD Billion Jun 2026
Government Spending to GDP 33.80 33.90 percent of GDP Dec 2025
Holidays
Military Expenditure 954387.00 1004901.00 USD Million Dec 2025


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.
Actual Previous Highest Lowest Dates Unit Frequency
-120305.00 -292648.00 308215.00 -864074.00 1954 - 2026 USD Million Monthly
Current Prices, NSA

News Stream
US Budget Deficit Narrows in May
The US government recorded a $293 billion budget deficit in May 2026, compared with a $316 billion gap a year earlier, but wider than forecasts of a $275 billion shortfall. Government outlays declined to $628 billion from $687 billion. The largest spending categories were Social Security ($140 billion), net interest payments ($107 billion), Medicare ($87 billion), and health programs ($82 billion). Meanwhile, receipts fell to $335 billion from $371 billion. The main sources of revenue were social insurance and retirement contributions ($157 billion), individual income taxes ($152 billion), and corporate income taxes ($11 billion). In the first eight months of fiscal year 2026, the federal budget deficit totaled $1.25 trillion.
2026-06-10
US Government Budget Surplus Misses Expetations
The US government recorded a $215 billion budget surplus in April 2026, down from $258.4 billion in the same month a year earlier and below forecasts of a $220 billion surplus. Government outlays rose to $622.3 billion from $591.8 billion in April 2025. The largest spending categories were Social Security ($139 billion), net interest payments ($97 billion), Medicare ($88 billion), and national defense ($77 billion). Meanwhile, receipts declined to $837.3 billion from $850.2 billion a year earlier. Most revenue came from individual income taxes ($515 billion), social insurance and retirement contributions ($196 billion), and corporate income taxes ($83 billion). So far in fiscal year 2026, the US government has accumulated a budget deficit of $954 billion.
2026-05-12
US Budget Deficit Widens in March
The US government recorded a $164.1 billion budget deficit in March 2026, compared with a $160.5 billion deficit a year earlier, and missing forecasts of $156.7 billion. Outlays increased to $549 billion from $528.2 billion, with most spending directed to social security at $139 billion, net interest at $94 billion, healthcare at $90 billion, and national defense at $69 billion. Receipts rose to $384.9 billion from $367.6 billion, driven by individual income taxes at $189 billion, social insurance and retirement at $152 billion, and customs duties at $22 billion.
2026-04-10