United States Government Budget  1954-2017 | Data | Chart | Calendar

The US government posted a $28 billion budget deficit in December of 2016, a 94.4 percent increase from a $14.4 billion gap the same month of the previous year and slightly above market expectations of a $25 billion gap. Receipts slumped 8.9 percent to $319 billion and outlays fell 4.7 percent to $347 billion. Government Budget Value in the United States averaged -16506.54 USD Million from 1954 until 2016, reaching an all time high of 189796 USD Million in April of 2001 and a record low of -231677 USD Million in February of 2012.

United States Government Budget
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-11-10 07:00 PM Oct $-44B $33B $-80B $-28B
2016-12-12 07:00 PM Nov $-137B $-44B $-135B $-36B
2017-01-12 07:00 PM Dec $-28B $-137B $-25B $-24B
2017-02-10 07:00 PM Jan $-28B $ -36.5B
2017-03-10 07:00 PM Feb $ -61.5B
2017-04-12 06:00 PM Mar $ -51.4B




US Posts $28 Billion Budget Deficit in December


The US government posted a $28 billion budget deficit in December of 2016, a 94.4 percent increase from a $14.4 billion gap the same month of the previous year and slightly above market expectations of a $25 billion gap. Receipts slumped 8.9 percent to $319 billion and outlays fell 4.7 percent to $347 billion.

In December, individual income taxes accounted for $140 billion of total recipts, social security and other payroll taxes for $87 billion, corporate income taxes for $73 billion and other taxes and duties for the remaining $20 billion. Regarding outlays, other accounted for $143 billion, social security for $77 billion, defense for $57 billion, Medicare for $46 billion and interest on debt for $24 billion. 

When adjusting for calendar adjustments, the December 2016 deficit was $5 billion compared with a $27 billion surplus in the same month of 2015.

The fiscal 2017 year-to-date deficit was $208 billion compared with $161 billion in the same period of fiscal 2016.

US Treasury | Joana Taborda | joana.taborda@tradingeconomics.com
1/12/2017 7:09:20 PM



United States Government Last Previous Highest Lowest Unit
Government Debt to GDP 104.17 102.98 121.70 31.70 percent [+]
Government Budget -3.20 -2.50 4.50 -9.80 percent of GDP [+]
Government Budget Value -27516.00 -136651.00 189796.00 -231677.00 USD Million [+]
Government Spending 2906.40 2900.90 3113.00 557.10 USD Billion [+]
Government Revenues 319000.00 199875.00 471801.00 33111.00 USD Million [+]
Government Debt 19976827.00 19948065.00 19976827.00 253400.00 USD Million [+]
Fiscal Expenditure 346720.00 336526.00 374680.00 3842.00 USD Million [+]
Credit Rating 97.00 [+]
Military Expenditure 595472.10 609914.00 757992.50 398331.70 USD Million [+]
Government Spending To Gdp 38.10 38.80 43.00 33.00 percent [+]
Asylum Applications 9327.00 11050.00 11050.00 522.00 Persons [+]



United States Government Budget Notes

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. . This page provides - United States Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Government Budget - actual data, historical chart and calendar of releases - was last updated on January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-27516.00 -136651.00 189796.00 -231677.00 1954 - 2016 USD Million Monthly
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Singapore 1765.80 Nov/16
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