The United States recorded a Government Budget deficit equal to 5.80 percent of the country's Gross Domestic Product in 2022. Government Budget in the United States averaged -2.54 percent of GDP from 1948 until 2022, reaching an all time high of 4.50 percent of GDP in 1948 and a record low of -15.00 percent of GDP in 2020. source: U.S. Treasury

Government Budget in the United States is expected to reach -6.00 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Federal Government Budget is projected to trend around -5.80 percent of GDP in 2025 and -4.80 percent of GDP in 2026, according to our econometric models.



Related Last Previous Unit Reference
Asylum Applications 478885.00 259982.00 Persons Dec 2023
Credit Rating 97.00 Apr 2024
Fiscal Expenditure 568548.00 567401.00 USD Million Mar 2024
Government Budget -5.80 -12.40 percent of GDP Dec 2022
Monthly Budget Statement -236457.00 -296275.00 USD Million Mar 2024
Government Debt 34586533.00 34471083.00 USD Million Mar 2024
Government Debt to GDP 129.00 127.00 percent of GDP Dec 2022
Government Revenues 332091.00 271126.00 USD Million Mar 2024
Government Spending 3898.50 3887.00 USD Billion Mar 2024
Government Spending to GDP 37.00 43.64 percent of GDP Dec 2022
Holidays
Military Expenditure 916014.70 860692.20 USD Million Dec 2023

United States Federal Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
-5.80 -12.40 4.50 -15.00 1948 - 2022 percent of GDP Yearly