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.

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United States Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-660000.00 -310922.00 214255.00 -864074.00 1954 - 2021 USD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-13 07:00 PM Dec $-144B $-145B $-82B
2021-02-10 07:00 PM Jan $-163B $-144B $-150B $-147B
2021-03-10 07:00 PM Feb $-311B $-163B $-265B $-165B
2021-04-12 06:00 PM Mar $-660B $-311B $-658B $-640B
2021-05-12 06:00 PM Apr $-660B
2021-06-10 06:00 PM May
2021-07-13 06:00 PM Jun $ -95B
2021-08-11 06:00 PM Jul


News Stream
US Government Budget Deficit Widens Sharply
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.
2021-04-12
House Approves $1.9T Relief Package
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.
2021-03-10
US Government Budget Deficit Widens Sharply
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.
2021-03-10
US Government Budget Deficit Grows Above Expectations
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.
2021-02-10

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.