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.