The US posted a budget deficit of USD 174 billion in June 2021, compared with a deficit of USD 864 billion in the same period last year and market expectations of a USD 194.0 billion gap. Receipts jumped 87% year-on-year to USD 449 billion due to an earlier tax deadline this year. In addition, taxes withheld from wages increased by 33% and corporate taxes rose to USD 79 billion from USD 11 billion last year, helped by the continued labor market recovery. Meanwhile, outlays dropped 44% from a year earlier to USD 623 billion, largely due to the outsized impact on the deficit a year earlier from the implementation of the Paycheck Protection Program. Fiscal year-to-date deficit narrowed to USD 2.238 trillion from USD 2.744 trillion for the first nine months of the prior fiscal year. source: Financial Management Service, US Treasury

Government Budget Value in the United States averaged -24775.73 USD Million from 1954 until 2021, reaching an all time high of 214255 USD Million in April of 2018 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 July of 2021.

Government Budget Value in the United States is expected to be -125000.00 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 -30000.00 in 12 months time. In the long-term, the United States Government Budget is projected to trend around -10000.00 USD Million in 2022, according to our econometric models.

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United States Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-174161.00 -131953.00 214255.00 -864074.00 1954 - 2021 USD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-05-12 06:00 PM Monthly Budget Statement Apr $-226B $-660B $-220B $-260B
2021-05-28 06:00 PM President's FY2022 Budget $-1837B $-966B
2021-06-10 06:00 PM Monthly Budget Statement May $-132B $-226B $-230B
2021-07-13 06:00 PM Monthly Budget Statement Jun $-174B $-132B $-194B $ -245B
2021-08-11 06:00 PM Monthly Budget Statement Jul $-174B $-180B
2021-09-13 06:00 PM Monthly Budget Statement Aug
2021-10-14 06:00 PM Monthly Budget Statement Sep $ -125B
2021-11-10 07:00 PM Monthly Budget Statement Oct


News Stream
US Budget Deficit Narrows Sharply in June
The US posted a budget deficit of USD 174 billion in June 2021, compared with a deficit of USD 864 billion in the same period last year and market expectations of a USD 194.0 billion gap. Receipts jumped 87% year-on-year to USD 449 billion due to an earlier tax deadline this year. In addition, taxes withheld from wages increased by 33% and corporate taxes rose to USD 79 billion from USD 11 billion last year, helped by the continued labor market recovery. Meanwhile, outlays dropped 44% from a year earlier to USD 623 billion, largely due to the outsized impact on the deficit a year earlier from the implementation of the Paycheck Protection Program. Fiscal year-to-date deficit narrowed to USD 2.238 trillion from USD 2.744 trillion for the first nine months of the prior fiscal year.
2021-07-13
US Fiscal Deficit Shrinks by 2 Thirds
The US posted a budget deficit of USD 132 billion in May of 2021, about a third of the May 2020 deficit of $399 billion. May has been a deficit month 66 times out of 67 fiscal years since there are usually no major corporate or individual tax due dates in this month. While the final payment of individual taxes for calendar year 2020 were shifted into May 2021, greater outlays associated with the pandemic response still resulted in a deficit this year. Outlays increased 4% from a year earlier to $596 billion in May. Still, expenses for military active duty and retirement, veterans benefits, supplemental security income, and medicare payments to health maintenance organizations and prescription drug plans accelerated into April, because May 1, 2021, the normal payment date, fell on a non-business day. Receipts rose 167% yoy to $464 billion. The year-to-date deficit widened to a record $2.064 trillion.
2021-06-10
President Biden Proposes $6 Trillion Budget
President Joe Biden released a proposal that calls for $6 trillion in additional spending over the next decade, an ambitious plan that would run a $1.8 trillion federal government deficit despite a raft of new tax increases. The budget proposal incorporates the American Jobs Plan, the American Families Plan and the $4 trillion infrastructure. Looking for the expectations about unemployment, the White House sees it falling to 4.7% by the end of 2021, 4.1% in 2022, and 3.8% the following year. After that, they predict it will remain at 3.8% for the ensuing seven years.
2021-05-28
US Government Budget Deficit Narrows Sharply
The US posted a budget deficit of USD 226 billion in April of 2021, compared with a USD 738 billion gap in the same period last year and in line with market expectations. Receipts jumped 82% from a year earlier to USD 439 billion, with individual income taxes accounting for the largest share, followed by social insurance & retirement and corporation income taxes. Meantime, outlays fell 32 percent to USD 665 billion, as that month contained the bulk of payments to individuals in the first round of coronavirus rescue aid. For the first seven months of the 2021 fiscal year, the US federal deficit hit a record USD 1,932 billion, a 30 percent increase from the same period of fiscal 2020.
2021-05-12

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.