The US deficit stood at $88 billion in October, the first month of the fiscal year 2023, much below the $165 billion shortfall reported in the comparable period of the previous fiscal year. Individual income taxes increased from $143 billion to $175 billion, while corporate income taxes were slightly down. Defense spending increased from $65 billion to $73 billion, while outlays to the Department of Health declined from $120 billion to $87 billion. Additionally, outlays to the Department of Veterans Affairs and the Small Business Administration declined from $34 billion to $20 billion and from $2.3 billion to $290 million. Finally, payment on interest on Treasury debt securities increased from $19 billion to $47 billion. source: Financial Management Service, US Treasury
Government Budget Value in the United States averaged -26720.87 USD Million from 1954 until 2022, 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 December of 2022.
Government Budget Value in the United States is expected to be -80000.00 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.