United States Federal Government Budget

The United States recorded a Government Budget deficit equal to 14.90 percent of the country's Gross Domestic Product in 2020. Government Budget in the United States averaged -2.36 percent of GDP from 1948 until 2020, reaching an all time high of 4.50 percent of GDP in 1948 and a record low of -14.90 percent of GDP in 2020. 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 provides - United States Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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