The US posted a budget deficit of USD 163 billion in January 2021, compared with a USD 32.6 billion gap in the same period last year and surpassing market expectations of USD 150 billion. Outlays jumped to USD 547 billion, while receipts declined to USD 385 billion. The spending figure included the USD 900 billion relief package Congress finally passed after months of wrangling. Spending for income security was recorded at USD 228 billion, followed by outlays in social security (USD 69 billion), health (USD 65 billion), medicare (USD 57 billion), and national security (USD 54 billion). For the first four months of the 2021 fiscal year started October 1st, the US federal deficit was a record-breaking USD 736 billion, as spending to deal with the COVID-19 pandemic surged while revenue declined. Outlays increased to USD 1924 billion due to spending on healthcare and coronavirus rescue programs and on unemployment compensation, while receipts declined to USD 1188 billion. source: Financial Management Service, US Treasury

Government Budget Value in the United States averaged -23063.93 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 March of 2021.

Government Budget Value in the United States is expected to be -62500.49 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 -62489.84 in 12 months time. In the long-term, the United States Government Budget is projected to trend around -62489.84 USD Million in 2022 and -10000.00 USD Million in 2023, according to our econometric models.

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United States Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-163000.00 -144000.00 214255.00 -864074.00 1954 - 2021 USD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-12 07:00 PM Monthly Budget Statement Oct $-284B $-125B $-274.5B $-110B
2020-12-10 07:15 PM Monthly Budget Statement Nov $-145B $-284B $-200B $-210B
2021-01-13 07:00 PM Monthly Budget Statement Dec $-144B $-145B $-82B
2021-02-10 07:00 PM Monthly Budget Statement Jan $-163B $-144B $-150B $-147B
2021-03-10 07:00 PM Monthly Budget Statement Feb $-163B $-165B
2021-03-12 07:00 PM US Budget Plan FY 2022 $-430B
2021-04-12 06:00 PM Monthly Budget Statement Mar
2021-05-12 06:00 PM Monthly Budget Statement Apr


News Stream
US Government Budget Deficit Grows Above Expectations
The US posted a budget deficit of USD 163 billion in January 2021, compared with a USD 32.6 billion gap in the same period last year and surpassing market expectations of USD 150 billion. Outlays jumped to USD 547 billion, while receipts declined to USD 385 billion. The spending figure included the USD 900 billion relief package Congress finally passed after months of wrangling. Spending for income security was recorded at USD 228 billion, followed by outlays in social security (USD 69 billion), health (USD 65 billion), medicare (USD 57 billion), and national security (USD 54 billion). For the first four months of the 2021 fiscal year started October 1st, the US federal deficit was a record-breaking USD 736 billion, as spending to deal with the COVID-19 pandemic surged while revenue declined. Outlays increased to USD 1924 billion due to spending on healthcare and coronavirus rescue programs and on unemployment compensation, while receipts declined to USD 1188 billion.
2021-02-10
US Government Deficit Widens Sharply
The US posted a budget deficit of USD 144 billion in December 2020, compared with a USD 13.3 billion gap in the same period last year. Outlays were recorded at USD 490 billion, while receipts fell to USD 346 billion. The spending figure did not include the USD 900 billion relief package Congress finally passed after months of wrangling because it was not signed into law until the end of the month. The shortfall for the 2020 budget year, which ended September 30th, climbed to an all-time high of USD 3.1 trillion. For the first three months of the 2021 fiscal year started October 1st, the US federal deficit was a record-breaking USD 573 billion, 60.7% higher than USD 357 billion in the same period a year ago, as spending to deal with the COVID-19 pandemic surged while revenue declined. Outlays increased to USD 1376 billion due to spending on healthcare and coronavirus rescue programs and on unemployment compensation, while receipts declined to USD 803 billion.
2021-01-13
US Government Deficit Lower than Expected
The US posted a budget deficit of USD 145 billion in November 2020, compared with a USD 209 billion gap in the same period last year and market expectations of a USD 200 billion gap. Outlays dropped 16 percent to USD 365 billion, while receipts were down 3 percent to USD 220 billion. For the first two months of the 2021 fiscal year, the US federal deficit stood at USD 429 billion, compared with USD 343 billion in the same period of fiscal 2020, amid efforts to support the economy hit by the coronavirus crisis. Outlays increased 9 percent to USD 887 billion due to spending on healthcare and coronavirus rescue programs and on unemployment compensation, while receipts declined 3 percent to USD 457 billion.
2020-12-10
US Government Budget Deficit Wider than Expected
The US posted a budget deficit of USD 284 billion in October 2020, the fiscal year's final month, compared with an USD 134.4 billion gap in the same period last year and market expectations of a USD 274.5 billion gap. Outlays jumped 37 percent to USD 22 million, nudged by Medicare (96 billion), Social Security (93 billion), National Defense (80 billion), Income Security (73 billion), and Health (63 billion) amid efforts to support the economy hit by the coronavirus crisis. Meanwhile receipts dropped 3 percent USD 238 billion, as higher Federal Reserve earnings and excise tax collections offset lower personal and corporate income tax revenues.
2020-11-12

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.