United States Government Budget  1954-2018 | Data | Chart | Calendar

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. Outlays jumped 29.7 percent to USD 433 billion while receipts decreased 3.2 percent to USD 219 billion. Government Budget Value in the United States averaged -17826.31 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
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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.

Outlays jumped 29.7 percent from a year earlier and totaled USD 433 billion, as social security accounted for USD 108 billion, Medicare for USD 83 billion, defense for USD 65 billion and interest on debt for USD 32 billion. Other outlays accounted for the remaining USD 146 billion.

In contrast, receipts decreased 3.2 percent to USD 219 billion as individual income taxes accounted for USD 106 billion, social security and other payroll taxes for USD 93 billion and other taxes and duties for USD 24 billion. Meantime, corporate income taxes represented USD -3 billion.

When accounting for calendar adjustments, the government's deficit was USD 152 billion compared to a gap of USD 108 billion in the same month of the previous year.

The gap for the fiscal year, which began last October, was USD 898 billion, compared to a deficit of USD 674 billion in the same period of the previous fiscal year.


US Treasury | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
9/13/2018 8:56:01 PM


Recent Releases

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

US Budget Deficit Larger than Expected in May
The US budget deficit widened to USD 147.0 billion in May 2018 from USD 88.0 billion in the same month of the previous year, and compared to market expectations of USD 144 billion.
Published on 2018-06-12

US Government Budget Surplus Highest on Record for April
The US government budget surplus increased to USD 214.25 billion in April of 2018 from USD 182.43 billion in the same month of the previous year. It is the biggest surplus ever for an April month. Figures came better than market expectations of a USD 193.8 billion surplus amid a rise in individual income tax receipts. Also, April 2018 had an additional day of collections. In addition, outlays for Military active duty and retirement, Veterans’ benefits, Supplemental Security Income, and Medicare payments and prescription drug plans accelerated into March, because April 1, 2018, the normal payment date, fell on a non-business day.
Published on 2018-05-10



Calendar GMT Actual Previous Consensus TEForecast
2018-07-12 06:00 PM Monthly Budget Statement $-75B $-147B $-98.2B $ -100B
2018-08-10 06:00 PM Monthly Budget Statement $-77B $-75B $-77.8B $ 31.4B
2018-09-13 06:00 PM Monthly Budget Statement $-214B $-77B $-156.5B $ -91.8B
2018-10-10 06:00 PM Monthly Budget Statement $-214B -47267
2018-11-12 07:00 PM Monthly Budget Statement $ -27.8B
2018-12-12 07:00 PM Monthly Budget Statement $ -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 -214148.00 -76865.00 214255.00 -231677.00 USD Million [+]
Government Spending 3170.56 3152.19 3328.05 599.63 USD Billion [+]
Government Revenues 219115.00 225266.00 510447.00 33111.00 USD Million [+]
Government Debt 21458850.00 21313061.00 21458850.00 253400.00 USD Million [+]
Fiscal Expenditure 433263.00 302131.00 433263.00 3842.00 USD Million [+]
Asylum Applications 6901.00 10167.00 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 37.80 37.60 43.00 33.00 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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-214148.00 -76865.00 214255.00 -231677.00 1954 - 2018 USD Million Monthly
Current Prices, NSA




government budget value by Country
Country Last
Argentina -14279.60 Jul/18
Australia 10417.00 May/18
Brazil -29162.00 Jul/18
Canada 1110.00 Jun/18
China -167.50 Jun/18
France -82.76 Jul/18
Germany 10.72 Mar/18
India -5402.57 Jul/18
Indonesia -347356.70 Dec/17
Italy 12.12 Jul/18
Japan 53517.00 Mar/18
Mexico 7344.50 Jul/18
Netherlands -3.60 Jun/18
Russia 1962.32 Aug/18
Saudi Arabia -238494.00 Dec/17
Singapore 2069.10 Jul/18
South Africa -90538.00 Jul/18
South Korea 9220.00 Jul/18
Spain -9012.00 Jun/18
Switzerland 1373.00 Dec/18
Turkey 2608216.00 Jul/18
United Kingdom -3242.00 Aug/18
United States -214148.00 Aug/18


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