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. Government Budget Value in the United States averaged -17957.09 USD Million from 1954 until 2019, 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.

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.

United States Government Budget
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-13 07:00 PM Monthly Budget Statement $-100B $119B $-100B $ -27.8B
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 $9B $-227B $-220B
2019-04-10 06:00 PM Monthly Budget Statement
2019-05-10 06:00 PM Monthly Budget Statement



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.

Outlays rose 6 percent from a year earlier and totalled USD 331 billion, with social security accounting for USD 86 billion, national defense for USD 52 billion, medicare for USD 51 billion, health for USD 44 billion, income security for USD 32 billion, net interest for USD 29 billion, education for USD 12 billion, veterans' benefits and services for USD 9 billion, transportation for USD 5 billion and other expenses for USD 11 billion.

Meantime, receipts dropped 6 percent to USD 340 billion, with individual income taxes accounting for USD 197 billion, social insurance and retirement for USD 115 billion, excise taxes, corporation income taxes, custom duties and miscellaneous receipts for USD 7 billion each and estate and gift taxes for USD 1 billion.

When adjusted for calendar effects, the budget was in balance in January 2019, compared with a USD 30 billion surplus the prior year.


US Treasury | Agna Gabriel | agna.gabriel@tradingeconomics.com
3/5/2019 7:20:58 PM


News

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

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



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 8683.00 -13539.00 214255.00 -231677.00 USD Million [+]
Government Spending 3195.33 3192.01 3328.05 599.63 USD Billion [+]
Government Revenues 339980.00 312584.00 510447.00 33111.00 USD Million [+]
Government Debt 22115526.00 21982423.00 22115526.00 253400.00 USD Million [+]
Fiscal Expenditure 331297.00 326123.00 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 [+]


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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
8683.00 -13539.00 214255.00 -231677.00 1954 - 2019 USD Million Monthly
Current Prices, NSA




Country Last Previous
Argentina 6726.40 Feb/19
Australia -8208.00 Jan/19
Brazil 26044.00 Jan/19
Canada 2452.00 Dec/18
China -42.10 Jan/19
France -17.26 Jan/19
Germany 5.87 Sep/18
India -7708.45 Jan/19
Indonesia -259900.00 Dec/18
Italy 16.61 Jan/19
Japan -60963.00 Sep/18
Mexico -42740.00 Jan/19
Netherlands 1.50 Dec/18
Russia 309.63 Feb/19
Saudi Arabia -238494.00 Dec/17
Singapore 657.90 Jan/19
South Africa -64891.00 Jan/19
South Korea 6893.00 Jan/19
Spain -12378.00 Nov/18
Switzerland 2176.00 Dec/19
Turkey 5910703.00 Jan/19
United Kingdom 19422.00 Jan/19
United States 8683.00 Jan/19


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