The US government budget deficit increased to USD 100 billion in October 2018 from USD 63 billion in the same month of the previous year, matching market expectations. Outlays increased 18.3 percent to USD 353 billion while receipts climbed at a softer 7.4 percent to USD 253 billion. October is the first month of the new 2018/2019 fiscal year. For the previous 2017/2018 fiscal year, the budget gap was USD 779 billion, the biggest budget deficit since 2012. Government Budget Value in the United States averaged -17755.91 USD Million from 1954 until 2018, reaching an all time high of 214255 USD Million in April of 2018 and a record low of -231677 USD Million in February of 2012.

United States Government Budget
width
height
 Preview
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us


US Government Budget Deficit Widens in October


The US government budget deficit increased to USD 100 billion in October 2018 from USD 63 billion in the same month of the previous year, matching market expectations. Outlays increased 18.3 percent to USD 353 billion while receipts climbed at a softer 7.4 percent to USD 253 billion.

Outlays rose 18 percent from a year earlier and totaled USD 353 billion, as social security accounted for USD 84 billion, defense for USD 69 billion, Medicare for USD 53 billion, health for USD 44 billion, net interest for USD 32 billion, income security for USD 32 billion, veterans' benefits and services for USD 17 billion, agriculture for USD 8 billion, transportation for USD 8 billion and other expenses for USD 7 billion. 

Meantime, receipts increased at a softer 7 percent to USD 253 billion, as individual income taxes accounted for USD 129 billion, social security and other payroll taxes for USD 87 billion, excise taxes for USD 15 billion, corporate income taxes for USD 8 billion, miscellaneous receipts for USD 7 billion, custom duties for USD 6 billion and estate gift taxes for USD 2 billion. 

When accounting for calendar adjustments, the government's deficit was USD 110 billion compared to USD 111 billion in the same month of the previous year.

October is the first month of the new 2018/2019 fiscal year. For the previous 2017/2018 fiscal year, the budget gap was USD 779 billion, the biggest budget deficit since 2012. 


US Treasury | Joana Taborda | joana.taborda@tradingeconomics.com
11/13/2018 7:17:52 PM


Recent Releases

US Budget Surplus Widens in September
The US government budget surplus went up to USD 119 billion in September 2018 from USD 8 billion in the same month of the previous year. Figures came above market expectations of USD 71 billion, mainly due to a sharp decline in expenses as outlays for Military active duty and retirement, Veterans' benefits, Supplementary Social Security Income, and Medicare payments to Health Maintenance Organizations and prescription drug plans accelerated into August, because September 1, 2018, the normal payment date, fell on a non-business day. Social Security benefits also accelerated into August since September 3, 2018, the normal payment date, also fell on a non-business day.
Published on 2018-10-16

US August Budget Deficit Larger than Expected
The US government budget deficit nearly doubled to USD 214 billion in August 2018 from USD 108 billion in the same month of the previous year, above market expectations of USD 156.5 billion.
Published on 2018-09-13

US Budget Deficit Widens in July
The US budget deficit widened sharply to USD 77.0 billion in July 2018 from USD 42.9 billion in the same month of the previous year, slightly below market expectations of USD 77.8 billion.
Published on 2018-08-10

US June Budget Deficit Smaller than Expected
The US budget deficit narrowed to USD 75.0 billion in June 2018 from USD 90.2 billion in the same month of the previous year, and below market expectations of USD 98.2 billion.
Published on 2018-07-12



Calendar GMT Actual Previous Consensus TEForecast
2018-09-13 06:00 PM Monthly Budget Statement $-214B $-77B $-156.5B $ -91.8B
2018-10-15 07:00 PM Monthly Budget Statement $119B $-214B $107.5B $70B
2018-11-13 07:00 PM Monthly Budget Statement $-100B $119B $-100B $ -27.8B
2018-12-12 07:00 PM Monthly Budget Statement $-100B $ -93B


United States Government Last Previous Highest Lowest Unit
Government Debt to GDP 105.40 105.80 118.90 31.70 percent [+]
Government Budget -3.50 -3.20 4.50 -9.80 percent of GDP [+]
Government Budget Value -100000.00 119116.00 214255.00 -231677.00 USD Million [+]
Government Spending 3197.46 3171.81 3328.05 599.63 USD Billion [+]
Government Revenues 252692.00 343559.00 510447.00 33111.00 USD Million [+]
Government Debt 21702370.00 21516058.00 21702370.00 253400.00 USD Million [+]
Fiscal Expenditure 353183.00 224443.00 433263.00 3842.00 USD Million [+]
Asylum Applications 6901.00 7709.00 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 37.70 37.40 42.90 33.10 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-100000.00 119116.00 214255.00 -231677.00 1954 - 2018 USD Million Monthly
Current Prices, NSA




Country Last
Argentina -22854.30 Sep/18
Australia -5446.00 Sep/18
Brazil -39173.00 Sep/18
Canada -1875.00 Aug/18
China -357.10 Sep/18
France -87.10 Sep/18
Germany 10.72 Mar/18
India -5947.32 Sep/18
Indonesia -347356.70 Dec/17
Italy -33.82 Sep/18
Japan -113831.00 Jun/18
Mexico -80181.00 Sep/18
Netherlands -8.90 Sep/18
Russia 2548.22 Sep/18
Saudi Arabia -238494.00 Dec/17
Singapore 2069.10 Jul/18
South Africa 15912.00 Sep/18
South Korea 15993.00 Aug/18
Spain -13245.00 Sep/18
Switzerland 1373.00 Dec/18
Turkey -5692472.00 Sep/18
United Kingdom -1174.00 Sep/18
United States -100000.00 Oct/18


Related
Latest