The US government budget deficit went up to USD 205 billion in November 2018 from USD 139 billion in the same month of the previous year, above market expectations of USD 188 billion. It is the widest budget gap on record for a November month, as spending surged 18.4 percent to USD 411 billion while revenues fell 1.2 percent to USD 206 billion. Government Budget Value in the United States averaged -17996.27 USD Million from 1954 until 2018, reaching an all time high of 214255 USD Million in April of 2018 and a record low of -231677 USD Million in February of 2012.
Government Budget Value in the United States is expected to be -33824.00 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 -62101.00 in 12 months time. In the long-term, the United States Government Budget is projected to trend around -62490.00 USD Million in 2020, according to our econometric models.