The US government budget gap decreased sharply to USD 8 billion in June 2019 from USD 75 billion in the same month last year and compared to market expectations of USD 6.35 billion. Federal spending fell 12.5 percent on the year while receipts rose 5.6 percent. This was in part because of June 1 fell on a Saturday, a non-working day, which forced some federal payments into May. Government Budget Value in the United States averaged -18398.16 USD Million from 1954 until 2019, reaching an all time high of 214255 USD Million in April of 2018 and a record low of -233977 USD Million in February of 2019.
Government Budget Value in the United States is expected to be -62101.41 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 -152737.00 in 12 months time. In the long-term, the United States Government Budget is projected to trend around -62489.84 USD Million in 2020, according to our econometric models.