The US government recorded a $144.7 billion budget deficit in December 2025, compared with a $86.7 billion deficit in the same month a year earlier. Receipts rose 6.6% year on year to $484.4 billion, driven by individual income taxes ($242.34 billion), social insurance and retirement receipts ($143.16 billion), and customs duties ($27.89 billion). The increase reflected seasonal and collection timing effects that supported tax and customs receipts in the month. Meanwhile, outlays rose 16.3% year on year to $629.1 billion, with Social Security ($144.90 billion), Health and Medicare ($216.54 billion), and national defense ($98.30 billion) the largest spending categories, while the timing of several payments, including Medicare and veterans’ benefits, influenced the monthly outturn. source: Financial Management Service, US Treasury

The United States recorded a government budget deficit of 144749 USD Million in December of 2025. Government Budget Value in the United States averaged -32257.19 USD Million from 1954 until 2025, reaching an all time high of 308215.00 USD Million in April of 2022 and a record low of -864074.00 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 February of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-10 07:00 PM
Monthly Budget Statement
Nov $-173B $-284B $-205B $-390.0B
2026-01-13 07:00 PM
Monthly Budget Statement
Dec $-145B $-173B $-150B $-250.0B
2026-02-11 07:00 PM
Monthly Budget Statement
Jan $-145B $-190.0B

Components Last Previous Unit Reference
Fiscal Expenditure 629133.00 509279.00 USD Million Dec 2025
Government Revenues 484384.00 336002.00 USD Million Dec 2025

Related Last Previous Unit Reference
Asylum Applications 892904.00 498861.00 Persons Dec 2024
Credit Rating 97.00 Jan 2026
Government Budget -6.40 -6.20 percent of GDP Dec 2024
Monthly Budget Statement -144749.00 -173277.00 USD Million Dec 2025
Government Debt 38514009.00 38396211.00 USD Million Dec 2025
Government Debt to GDP 124.30 122.30 percent of GDP Dec 2024
Government Spending 4015.00 3993.00 USD Billion Sep 2025
Government Spending to GDP 39.70 34.38 percent of GDP Dec 2024
Holidays
Military Expenditure 997309.00 916014.70 USD Million Dec 2024


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.
Actual Previous Highest Lowest Dates Unit Frequency
-144749.00 -173277.00 308215.00 -864074.00 1954 - 2025 USD Million Monthly
Current Prices, NSA

News Stream
US Budget Gap Widend in December
The US government recorded a $144.7 billion budget deficit in December 2025, compared with a $86.7 billion deficit in the same month a year earlier. Receipts rose 6.6% year on year to $484.4 billion, driven by individual income taxes ($242.34 billion), social insurance and retirement receipts ($143.16 billion), and customs duties ($27.89 billion). The increase reflected seasonal and collection timing effects that supported tax and customs receipts in the month. Meanwhile, outlays rose 16.3% year on year to $629.1 billion, with Social Security ($144.90 billion), Health and Medicare ($216.54 billion), and national defense ($98.30 billion) the largest spending categories, while the timing of several payments, including Medicare and veterans’ benefits, influenced the monthly outturn.
2026-01-13
US Budget Gap Narrows in November
The US government recorded a $173.3 billion budget deficit in November 2025, compared with a $366.8 billion deficit in the same month a year earlier. Receipts rose 11.4% year-on-year to $336.0 billion, driven by individual income taxes ($146.96 billion), social insurance and retirement receipts ($134.29 billion), and customs duties ($30.76 billion). The increase reflected seasonal and collection-timing effects that lifted tax and customs receipts in the month. Meanwhile, outlays fell 23.8% year-on-year to $509.3 billion, with Social Security ($133.97 billion), Health/Medicare ($25.10 billion) and national defense ($65.48 billion) the largest spending categories; several payments (including Medicare and veterans’ benefits) affected the timing of outlays.
2025-12-10
US Budget Deficit Widens Slightly
The US government recorded a $284.4 billion budget deficit in October 2025, compared with a $257.5 billion deficit in the same month a year earlier. Receipts rose 23.8% year-on-year to $404.4 billion, driven by individual income taxes ($216.95 billion), social insurance and retirement receipts ($123.85 billion), and customs duties ($31.35 billion). The increase reflected seasonal and collection timing effects that lifted tax and customs receipts in the month. Meanwhile, outlays rose 17.9% to $688.7 billion, with Medicare ($150.56 billion), Social Security ($134.14 billion), and national defense ($99.94 billion) the largest spending categories; several payments (including Medicare and veterans’ benefits) accelerated into October because the normal November payment date fell on a non-business day.
2025-11-25