The US government budget deficit narrowed by 30% to USD 211 billion in July of 2022 from USD 302 billion in the corresponding month of the previous year, compared to market expectations of a USD 194 billion gap. Receipts grew by 3 percent to USD 269 billion, while outlays fell by 15% to USD 480 billion mainly due to COVID-19 relief spending. The US federal deficit was at USD 726 billion in the ten months of the 2022 fiscal year, 71% lower than the USD 2,54 billion from the corresponding period of 2021. source: Financial Management Service, US Treasury

Government Budget Value in the United States averaged -25922.04 USD Million from 1954 until 2022, reaching an all time high of 308215 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 August 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
2022-07-13 06:00 PM Jun $-89B $-66B $-76.5B $-70B
2022-08-10 06:00 PM Jul $-211B $-89B $-194B $-101B
2022-09-13 06:00 PM Aug $-211B


Related Last Previous Unit Reference
Government Budget Value -211052.00 -88842.00 USD Million Jul 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
-211052.00 -88842.00 308215.00 -864074.00 1954 - 2022 USD Million Monthly
Current Prices, NSA

News Stream
US Budget Gap Narrows 30% in July
The US government budget deficit narrowed by 30% to USD 211 billion in July of 2022 from USD 302 billion in the corresponding month of the previous year, compared to market expectations of a USD 194 billion gap. Receipts grew by 3 percent to USD 269 billion, while outlays fell by 15% to USD 480 billion mainly due to COVID-19 relief spending. The US federal deficit was at USD 726 billion in the ten months of the 2022 fiscal year, 71% lower than the USD 2,54 billion from the corresponding period of 2021.
2022-08-10
US June Budget Deficit Larger than Expected
The US government budget deficit narrowed sharply to USD 89 billion in June of 2022 from USD 174 billion in the corresponding period of the previous year, compared to market expectations of a USD 76.5 billion gap. Receipts grew by 3 percent to USD 461 billion, marking a fresh record for the month of June as tax collections grew for individuals and corporations over the prior 12 months. At the same time, outlays fell by 12 percent from the previous year to USD 550 billion, largely due to the decline in pandemic-related relief for citizens and assistance to small businesses. The US federal deficit was at USD 515 billion in the nine months of the 2022 fiscal year, 77% lower than the USD 2,238 billion from the corresponding period of 2021.
2022-07-13
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