The US posted a budget deficit of USD 660 billion in March of 2021, compared with a USD 119 billion gap in the same period last year and in line with market expectations. Outlays jumped 160.6 percent to USD 927 billion, with income security accounting for the biggest share, followed by social security and commerce and housing credit. Meantime, receipts rose 13 percent to USD 268 billion, with individual income taxes accounting for the largest share. For the first six months of the 2021 fiscal year, the US federal deficit widened to a record USD 1,706 billion, compared to a USD 743 billion deficit for the comparable year-earlier period. source: Financial Management Service, US Treasury
Government Budget Value in the United States averaged -24209.47 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 April of 2021.
Government Budget Value in the United States is expected to be -315000.00 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 -10000.00 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.