United States Government Budget

The United States recorded a Government Budget deficit equal to 8.50 percent of the country's Gross Domestic Product in 2012. Government Budget in the United States is reported by the US Treasury. Historically, from 1948 until 2012, the United States Government Budget averaged -3.02 Percent of GDP reaching an all time high of 4.60 Percent of GDP in December of 1948 and a record low of -12.10 Percent of GDP in December of 2009. 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. This page includes a chart with historical data for the United States Government Budget.

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United States Government Budget

Government | STATISTICSLastPreviousHighestLowestForecastUnitTrend
Government Budget -8.50 Dec/2012 -10.10 4.60 -12.10 -8.39 Dec/2013 Percent of GDP Trend
Credit Rating 96.89 Dec/2013 Trend
Government External Debt -4416243.00 Dec/2012 -4030250.00 360347.00 -4416243.00 -4440291.86 Dec/2013 USD Million Trend
Government Spending 2427.10 Feb/2013 2458.10 2621.10 482.00 2422.36 Jun/2013 USD Billion Trend
Government Debt To GDP 101.60 Dec/2012 99.40 121.70 31.70 101.78 Dec/2013 Percent Trend

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Government Budget | Notes

A government budget is a legal document that forecasts the government expenditures and revenues for a specific period of time. The period covered by a budget is usually a year, known as a financial or fiscal year, which may or may not correspond with the calendar year. A government budget is often passed by the legislature, and approved by the chief executive or president.




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