United States Government Budget1954-2021 Data | 2022-2023 Forecast | Calendar

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.

House Democrats have approved a massive $1.9 trillion coronavirus relief package designed to soften the economic blow from the pandemic, putting the world’s largest economy on a rosier path to recovery. The plan includes a new round of direct payments of up to $1,400 for most Americans, extends federal unemployment benefits of $300 a week and provides hundreds of billions in aid to state and local governments.

The US posted a budget deficit of USD 311 billion in February 2021, compared with a USD 235 billion gap in the same period last year and surpassing market expectations of USD 265 billion. Outlays jumped 32% from a year earlier to USD 559 billion, and receipts rose 32% to USD 248 billion. The spending figure included the USD 900 billion relief package Congress, but not the USD 1.9 trillion bill currently still discussed. Spending for income security was recorded at USD 122 billion, followed by outlays in social security (USD 94 billion), commerce & housing credit (USD 93 billion), medicare (USD 59 billion), health (USD 58 billion), and national defense (USD 54 billion). For the first five months of the 2021 fiscal year started October 1st, the US federal deficit was a record-breaking USD 1047 billion, as spending to deal with the COVID-19 pandemic surged while revenue declined.

The US posted a budget deficit of USD 163 billion in January 2021, compared with a USD 32.6 billion gap in the same period last year and surpassing market expectations of USD 150 billion. Outlays jumped to USD 547 billion, while receipts declined to USD 385 billion. The spending figure included the USD 900 billion relief package Congress finally passed after months of wrangling. Spending for income security was recorded at USD 228 billion, followed by outlays in social security (USD 69 billion), health (USD 65 billion), medicare (USD 57 billion), and national security (USD 54 billion). For the first four months of the 2021 fiscal year started October 1st, the US federal deficit was a record-breaking USD 736 billion, as spending to deal with the COVID-19 pandemic surged while revenue declined. Outlays increased to USD 1924 billion due to spending on healthcare and coronavirus rescue programs and on unemployment compensation, while receipts declined to USD 1188 billion.