The US government budget deficit narrowed sharply to USD 66 billion in May of 2022, from USD 132 billion in the same period last year and compared with market expectations of a USD 120 billion gap. Receipts declined 16 percent from a year earlier to $389 billion, the Treasury said, largely due to last year's extension of the deadline for individual income tax filings by a month to mid-May. At the same time, outlays slumped 24 percent to USD 455 billion, reflecting lower spending for COVID-19 relief. For the first eight months of the 2022 fiscal year, the US federal deficit stood at USD 426 billion, 79 percent lower than the USD 2,064 billion deficit recorded in the same period of the previous fiscal year. source: Financial Management Service, US Treasury
Government Budget Value in the United States averaged -25620.32 USD Million from 1954 until 2022, reaching an all time high of 308000 USD Million in April of 2022 and a record low of -864074 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 July of 2022.
Government Budget Value in the United States is expected to be 30000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Government Budget is projected to trend around 50000.00 USD Million in 2023 and -10000.00 USD Million in 2024, according to our econometric models.