The United States recorded a Government Budget deficit equal to 14.90 percent of the country's Gross Domestic Product in 2020. source: U.S. Treasury
Government Budget in the United States averaged -2.36 percent of GDP from 1948 until 2020, reaching an all time high of 4.50 percent of GDP in 1948 and a record low of -14.90 percent of GDP in 2020. This page provides - United States Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Federal Government Budget - values, historical data and charts - was last updated on September of 2021.
Government Budget in the United States is expected to reach -10.20 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Federal Government Budget is projected to trend around -7.70 percent of GDP in 2022 and -5.20 percent of GDP in 2023, according to our econometric models.