The US budget deficit widened to USD 864 billion in June of 2020 from USD 8 billion in the corresponding month of the previous year and compared with market expectations of a USD 863 billion gap. It was the largest monthly deficit on record mainly due to continued strong spending on coronavirus relief programs. Outlays jumped 223% to USD 1.1 trillion, a record increase for any month, while receipts dropped 28% to USD 241 billion. The June deficit brought the year-to-date fiscal gap to $2.7 trillion, far eclipsing the previous full-year record of $1.4 trillion in 2009.
Government Budget Value in the United States averaged -21858.11 USD Million from 1954 until 2020, reaching an all time high of 214255 USD Million in April of 2018 and a record low of -864000 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 August of 2020. source: Financial Management Service, US Treasury
Government Budget Value in the United States is expected to be 91000.00 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 5000.00 in 12 months time. In the long-term, the United States Government Budget is projected to trend around -62489.84 USD Million in 2021 and -10000.00 USD Million in 2022, according to our econometric models.