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.

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United States Government Budget



Calendar GMT Actual Previous Consensus TEForecast
2022-05-11 06:00 PM Apr $308B $-193B $226B $200B
2022-06-10 06:00 PM May $-66B $308B $-120B $-143B
2022-07-13 06:00 PM Jun $-66B $ 30B


Related Last Previous Unit Reference
Government Budget Value -66000.00 308000.00 USD Million May 2022

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
-66000.00 308000.00 308000.00 -864074.00 1954 - 2022 USD Million Monthly
Current Prices, NSA

News Stream
US May Budget Deficit Smaller than Expected
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.
2022-06-10
US Posts Record Budget Surplus in April
The US posted a budget surplus of USD 308 billion in April of 2022, the highest on record, switching from a USD 226 billion gap in the same period last year and above market expectations of a USD 226 billion surplus. April has traditionally been a budget surplus month due to the traditional April 15 tax filing deadline, except in 2009, 2010 and 2011 after a financial crisis, and in 2020 and 2021 due to the Covid-19 pandemic. Receipts jumped 97 percent to an all-time high of USD 864 billion, underpinned by tax receipts on the back of a strong economic recovery. At the same time, outlays slumped 16 percent to USD 555 billion, reflecting lower spending for COVID-19 relief. For the first seven months of the 2022 fiscal year, the US federal deficit was at USD 360 billion, a 81 percent decline from the same period of fiscal 2021.
2022-05-11
US March Budget Gap Narrows
The US budget deficit narrowed to USD 193 billion in March of 2022 from the USD 660 billion gap in the same period last year, and mostly in line with expectations of a USD 191 billion deficit. Receipts jumped 18 percent to USD 315 billion, the highest on record for a March month, underpinned by tax receipts amid the economic recovery. At the same time, outlays slumped 45 percent to USD 508 billion as a result of a sharp decline in COVID-19 relief outlays, namely last year’s direct payments of $1,400 to millions of Americans. The total deficit for the first half of the current fiscal year totaled USD 678 billion, compared with USD 1,706 billion in the same period of 2021, the Treasury said.
2022-04-12