United States Government Budget

The US government budget deficit increased to USD 234 billion in February of 2019 from a USD 215 billion gap a year earlier and above market expectations of a USD 227 billion shortfall. Federal spending rose 8 percent on the year while receipts increased only 7 percent. Government Budget Value in the United States averaged -18232.76 USD Million from 1954 until 2019, reaching an all time high of 214255 USD Million in April of 2018 and a record low of -234000 USD Million in February of 2019.

Government Budget Value in the United States is expected to be -45667.00 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 -62737.00 in 12 months time. In the long-term, the United States Government Budget is projected to trend around -62490.00 USD Million in 2020, according to our econometric models.

1Y 5Y 10Y MAX

width

height

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.

Learn More Questions? Contact us Already a Member? Login

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

Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-12-13	07:00 PM	Monthly Budget Statement	$-205B	$-100B	$-188B	$ -93B
2019-02-13	07:00 PM	Monthly Budget Statement	$-14B	$-205B	$-11B	$-20B
2019-03-05	07:00 PM	Monthly Budget Statement	$9B	$-14B	$25B	$48B
2019-03-22	06:00 PM	Monthly Budget Statement	$-234B	$9B	$-227B	$-220B
2019-04-10	06:00 PM	Monthly Budget Statement		$-234B	$-180B	$-220B
2019-05-10	06:00 PM	Monthly Budget Statement
2019-06-12	06:00 PM	Monthly Budget Statement

US Posts Largest Budget Gap Ever for February

The US government budget deficit increased to USD 234 billion in February of 2019 from a USD 215 billion gap a year earlier and above market expectations of a USD 227 billion shortfall. It is the highest budget gap ever for a February month as federal spending rose 8 percent on the year while receipts increased only 7 percent.

Outlays rose 8.2 percent from a year earlier to USD 401 billion, with social security accounting for USD 87 billion, income security for USD 87 billion, national defense for USD 57 billion, medicare for USD 52 billion, health for USD 46 billion, net interest for USD 25 billion, veterans' benefits and services for USD 16 billion, education for USD 11 billion, transportation for USD 8 billion and other expenses for USD 13 billion.

Receipts went up 6.8 percent to USD 167 billion, with social insurance and retirement accounting for USD 95 billion, individual income taxes for USD 57 billion, excise duties taxes for USD 5 billion, custom duties taxes for USD 5 billion, miscellaneous for USD 4 billion, estate and gift taxes for 1 billion and corporate income taxes for USD -1 billion.

The deficit for the current fiscal year was USD 544 billion, higher than a USD 391 billion gap a year earlier.

US Treasury | Joana Taborda | joana.taborda@tradingeconomics.com
3/22/2019 6:25:06 PM

News

US Government Budget Surplus Smaller than Expected
The US government budget surplus narrowed to USD 9 billion in January of 2019 from USD 49 billion in the corresponding month of the previous year. It compares with market expectations of a USD 25 billion surplus. Federal spending increased 6 percent to USD 331 billion while revenues declined 6 percent to USD 340 billion.
Published on 2019-03-05

US Budget Deficit Larger than Expected
The US government budget deficit narrowed to USD 14 billion in December 2018 from USD 23 billion in the same month of the previous year, above market expectations of USD 11 billion.
Published on 2019-02-13

US Budget Deficit Hits Record for November Month
The US government budget deficit went up to USD 205 billion in November 2018 from USD 139 billion in the same month of the previous year, above market expectations of USD 188 billion. It is the widest budget gap on record for a November month, as spending surged 18.4 percent to USD 411 billion while revenues fell 1.2 percent to USD 206 billion.
Published on 2018-12-14

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.
Published on 2018-11-13

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	-233977.00	8681.00	214255.00	-233977.00	USD Million	[+]
Government Spending	3188.70	3192.01	3328.05	599.63	USD Billion	[+]
Government Revenues	167265.00	339980.00	510447.00	33111.00	USD Million	[+]
Government Debt	22027880.00	22115526.00	22115526.00	253400.00	USD Million	[+]
Fiscal Expenditure	401243.00	331297.00	433263.00	3842.00	USD Million	[+]
Asylum Applications	7267.00	7682.00	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	38.00	38.20	43.30	33.40	percent	[+]

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 April of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	-233977.00	8681.00	214255.00	-233977.00	1954 - 2019	USD Million	Monthly	Current Prices, NSA

Export Data API

Country	Last		Previous	Range
Argentina	6726.40	Feb/19	16658	16658 : -135316	ARS Million
Australia	10724.00	Feb/19	-8208	14307 : -23705	AUD Million
Brazil	-45013.00	Feb/19	26044	26044 : -123821	BRL Million
Canada	-1536.00	Jan/19	2452	5770 : -10629	CAD Million
China	-30.00	Feb/19	-42.1	8067 : -15554	CNY HML
France	-36.90	Feb/19	-17.26	-4.21 : -149	EUR Billion
Germany	5.87	Sep/18	36.06	40.63 : -58.9	EUR Billion
India	-8514.99	Feb/19	-7708	-94.06 : -8515	INR Billion
Indonesia	-259900.00	Dec/18	-340976	12605 : -340976	IDR Billion
Italy	16.61	Jan/19	27.41	27.41 : -43.39	EUR Billion
Japan	-41094.00	Dec/18	-60963	76276 : -347513	JPY HND Million
Mexico	15108.90	Feb/19	-42740	340612 : -308192	MXN Million
Netherlands	1.50	Dec/18	-8.9	17.6 : -19	EUR Billion
Russia	309.63	Feb/19	283	3835 : -2967	RUB Billion
Saudi Arabia	-238494.00	Dec/17	-311065	580924 : -362229	SAR Million
Singapore	657.90	Jan/19	-2212	10861 : -8695	SGD Million
South Africa	20781.00	Feb/19	-64891	70466 : -90538	ZAR Million
South Korea	6893.00	Jan/19	37409	42914 : -28619	KRW Billion
Spain	-12378.00	Nov/18	-8384	12365 : -99130	EUR Million
Switzerland	2176.00	Dec/19	1373	11751 : -18294	CHF Million
Turkey	-18675315.00	Feb/19	5910703	13023775 : -39815859	TRY Thousand
United Kingdom	6093.00	Feb/19	19422	19422 : -15378	GBP Million
United States	-233977.00	Feb/19	8681	214255 : -233977	USD Million