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.