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United States Government Spending

Government Spending in the United States increased to 3368.73 USD Billion in the second quarter of 2020 from 3347.86 USD Billion in the first quarter of 2020. Government Spending in the United States averaged 2082.18 USD Billion from 1950 until 2020, reaching an all time high of 3368.73 USD Billion in the second quarter of 2020 and a record low of 599.63 USD Billion in the first quarter of 1950. Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth. This page provides the latest reported value for - United States Government Spending - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

source https://tradingeconomics.com/united-states/government-spending

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