The US posted a budget deficit of USD 145 billion in November 2020, compared with a USD 209 billion gap in the same period last year and market expectations of a USD 200 billion gap. Outlays dropped 16 percent to USD 365 billion, while receipts were down 3 percent to USD 220 billion. For the first two months of the 2021 fiscal year started October 1st, the US federal deficit stood at USD 429 billion, compared with USD 343 billion in the same period of fiscal 2020, amid efforts to support the economy hit by the coronavirus crisis. Outlays increased 9 percent to USD 887 billion due to spending on healthcare and coronavirus rescue programs and on unemployment compensation, while receipts declined 3 percent to USD 457 billion. source: Financial Management Service, US Treasury

Government Budget Value in the United States averaged -22739.39 USD Million from 1954 until 2020, reaching an all time high of 214255 USD Million in April of 2018 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 December of 2020.

Government Budget Value in the United States is expected to be -62500.49 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.

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United States Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-145266.00 -284071.00 214255.00 -864074.00 1954 - 2020 USD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-09-11 06:00 PM Monthly Budget Statement Aug $-200B $-63B $-245B $-180B
2020-10-16 06:00 PM Monthly Budget Statement Sep $-125B $-200B $-124B $-100B
2020-11-12 07:00 PM Monthly Budget Statement Oct $-284B $-125B $-274.5B $-110B
2020-12-10 07:15 PM Monthly Budget Statement Nov $-145B $-284B $-200B $-210B
2021-01-13 07:00 PM Monthly Budget Statement Dec $-145B
2021-02-10 05:30 PM US Budget Plan FY 2021 $-430B
2021-02-10 07:00 PM Monthly Budget Statement Jan
2021-03-10 07:00 PM Monthly Budget Statement Feb


News Stream
US Government Deficit Lower than Expected
The US posted a budget deficit of USD 145 billion in November 2020, compared with a USD 209 billion gap in the same period last year and market expectations of a USD 200 billion gap. Outlays dropped 16 percent to USD 365 billion, while receipts were down 3 percent to USD 220 billion. For the first two months of the 2021 fiscal year, the US federal deficit stood at USD 429 billion, compared with USD 343 billion in the same period of fiscal 2020, amid efforts to support the economy hit by the coronavirus crisis. Outlays increased 9 percent to USD 887 billion due to spending on healthcare and coronavirus rescue programs and on unemployment compensation, while receipts declined 3 percent to USD 457 billion.
2020-12-10
US Government Budget Deficit Wider than Expected
The US posted a budget deficit of USD 284 billion in October 2020, the fiscal year's final month, compared with an USD 134.4 billion gap in the same period last year and market expectations of a USD 274.5 billion gap. Outlays jumped 37 percent to USD 22 million, nudged by Medicare (96 billion), Social Security (93 billion), National Defense (80 billion), Income Security (73 billion), and Health (63 billion) amid efforts to support the economy hit by the coronavirus crisis. Meanwhile receipts dropped 3 percent USD 238 billion, as higher Federal Reserve earnings and excise tax collections offset lower personal and corporate income tax revenues.
2020-11-12
US Posts Largest Budget Gap on Record in FY 2020
The US posted a budget deficit of USD 125 billion in September 2020, the fiscal year's final month, compared with an USD 83 billion surplus in the same period last year and market expectations of a USD 124 billion gap. Outlays jumped 71 percent to USD 498 million, amid efforts to support the economy hit by the coronavirus crisis; while receipts were almost unchanged at USD 373 billion, as higher Federal Reserve earnings and excise tax collections offset lower personal and corporate income tax revenues. Considering the 2020 fiscal year, the budget deficit hit an all-time high of USD 3.132 trillion, more than double the previous record of USD 1.416 trillion during fiscal 2009, as outlays jumped USD 2.105 trillion from the previous year to a total of USD 6.55 trillion, boosted by spending on healthcare and unemployment compensation, and the cost of small business and corporate rescue programs approved by Congress.
2020-10-16
US August Budget Deficit Smaller than Expected
The US budget deficit was at USD 200 billion in August of 2020, matching the gap in the corresponding month of the previous year, but lower than market expectations of a USD 245 billion shortfall. Receipts decreased to USD 223 billion from USD 228 billion a year earlier, while outlays in August were USD 423 billion, down from USD 428 billion a year earlier. The August deficit brought the fiscal year-to-date deficit to an all-time high of USD 3.007 trillion, nearly triple the USD 1.067 trillion shortfall for the comparable period of 2019, boosted by an increase in government spending to support the economic fallout from the COVID-19 outbreak.
2020-09-11

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.