The US government budget deficit stood at USD 262 billion in February of 2023 after a USD 217 billion shortfall in the corresponding period of the previous year, compared to market expectations of a USD 256 billion shortfall. It was the widest deficit since July 2021, mostly due to higher tax refunds issued. Outlays rose by 4% to USD 525 billion from a year earlier, while receipts shrank by 10% to USD 262 billion. The individual withheld tax receipts rose by 4%, compared to a year ago, but individual tax refunds, which reduce revenues, soared 153% to $52 billion. source: Financial Management Service, US Treasury

Government Budget Value in the United States averaged -27357.15 USD Million from 1954 until 2023, reaching an all time high of 308215.00 USD Million in April of 2022 and a record low of -864074.00 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 March of 2023.

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United States Government Budget



Calendar GMT Actual Previous Consensus TEForecast
2023-02-10 07:00 PM Jan $-39B $-85B $-63B $-77.0B
2023-03-10 07:00 PM Feb $-262B $-39B $-256B $-245.0B


Related Last Previous Unit Reference
Government Budget Value -262000.00 -39000.00 USD Million Feb 2023

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
-262000.00 -39000.00 308215.00 -864074.00 1954 - 2023 USD Million Monthly
Current Prices, NSA

News Stream
US Budget Deficit Widens to $262 Billion in February
The US government budget deficit stood at USD 262 billion in February of 2023 after a USD 217 billion shortfall in the corresponding period of the previous year, compared to market expectations of a USD 256 billion deficit. It was the widest deficit since July 2021, mostly due to higher tax refunds issued. Outlays rose by 4% to USD 525 billion from a year earlier, while receipts shrank by 10% to USD 262 billion. The individual withheld tax receipts rose by 4%, compared to a year ago, but individual tax refunds, which reduce revenues, soared 153% to $52 billion.
2023-03-10
US Budget Deficit Smaller than Expected
The US government budget deficit stood at USD 39 billion in January of 2023 after a USD 119 billion surplus in the corresponding period of the previous year, compared to market expectations of a USD 63 billion shortfall. Outlays rose by 4% to USD 486 billion from a year earlier, due to a $36 billion bailout of the Central States Pension Fund and a communications spectrum auction last year that had the effect of reducing outlays in January 2022. Receipts shrank by 4% to USD 447 billion, mostly due to lower individual income taxes ($262 billion vs $289 billion).
2023-02-10
US Budget Deficit Widens to $85 Billion in December
The US government budget deficit nearly quadrupled to USD 85 billion in December of 2022 from USD 21.3 billion in the corresponding period of the previous year, compared to market expectations of a USD 70 billion shortfall. Outlays rose 6% to USD 540 billion, as interest on the public debt grew by $9 billion from a year earlier and Social Security outlays rose because of cost-of-living adjustments. Receipts shrank by 7 percent to USD 455 billion from December 2021 as individual withheld receipts from 2022 year-end bonuses dropped to zero.
2023-01-12