In 2023, the U.S. government had a budget deficit of 1.69 trillion U.S. dollars. This is compared to 2000, when the government had a budget surplus of 0.24 trillion U.S. dollars.

U.S. Government budget

The government budget is a financial statement that demonstrates the government’s suggested revenues and spending for the financial year. Budget surpluses occur when income exceeds expenditures. Budget deficits occur when spending exceeds income. The budget balance of the U.S. government has fluctuated since 2016, and is expected to decrease slightly by 2026.

Military spending

Defense outlays in the United States amounted to 714 billion U.S. dollars in 2020. It is expected to continue to increase over the next several years. The United States currently has the largest defense budget in the world, and is the largest employer in the world. The military budget funds the Army, Marine Corps, Navy, and Air Force. The amount of funding that goes towards the Department of Defense is heavily criticized by Democrats in the United States, because they believe that the funding should be more evenly distributed towards other social welfare programs such as public health insurance and education.

Graph and download economic data for Federal Surplus or Deficit - from Oct 1980 to Jul 2025 about budget, federal, and USA.

Graph and download economic data for Federal Surplus or Deficit [-] as Percent of Gross Domestic Product (FYFSGDA188S) from 1929 to 2024 about budget, federal, GDP, and USA.

Graph and download economic data for Federal government budget surplus or deficit (-) from Q3 1959 to Q4 2023 about budget, federal, government, GDP, and USA.

In the second quarter of 2025, the U.S. government's budget balance amounted to a net borrowing of about 2.11 trillion U.S. dollars. This is compared to the first quarter of 2009, when the U.S. government borrowed about 1.79 trillion U.S. dollars.

The United States recorded a Government Budget deficit equal to 6.40 percent of the country's Gross Domestic Product in 2024. This dataset provides - United States Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The United States recorded a government budget deficit of 345000 USD Million in August of 2025. This dataset provides - United States Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Brazil recorded a Government Budget deficit equal to 8.50 percent of the country's Gross Domestic Product in 2024. This dataset provides - Brazil Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the budget balance in relation to the gross domestic product (GDP) in the United States stood at about -7.26 percent. Between 2001 and 2024, the figure dropped by approximately 6.72 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the budget balance will rise by around 1.65 percentage points, showing an overall upward trend with periodic ups and downs.The indicator describes the general government net lending / borrowing, which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expenses and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

The United Kingdom recorded a Government Budget deficit equal to 4.80 percent of the country's Gross Domestic Product in 2024. This dataset provides - United Kingdom Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024 the state's deficit substantially increased, reaching nearly 211 billion zloty, exceeding the deficit achieved during the COVID-19 pandemic in 2020.

Australia Government Budget: Surplus or Deficit data was reported at -199.000 AUD mn in Mar 2025. This records a decrease from the previous number of 14,153.000 AUD mn for Feb 2025. Australia Government Budget: Surplus or Deficit data is updated monthly, averaging -496.100 AUD mn from Jul 1973 (Median) to Mar 2025, with 591 observations. The data reached an all-time high of 26,767.000 AUD mn in May 2023 and a record low of -33,374.000 AUD mn in Jul 2020. Australia Government Budget: Surplus or Deficit data remains active status in CEIC and is reported by Department of Finance. The data is categorized under Global Database’s Australia – Table AU.F007: General Government: Cashflow Statement.

United States Federal Government Surplus or Deficit: Off Budget data was reported at -12.284 USD bn in Oct 2018. This records a decrease from the previous number of 18.020 USD bn for Sep 2018. United States Federal Government Surplus or Deficit: Off Budget data is updated monthly, averaging 2.780 USD bn from Oct 1984 (Median) to Oct 2018, with 409 observations. The data reached an all-time high of 63.168 USD bn in Jun 2008 and a record low of -38.457 USD bn in Aug 2012. United States Federal Government Surplus or Deficit: Off Budget data remains active status in CEIC and is reported by Bureau of the Fiscal Service. The data is categorized under Global Database’s United States – Table US.F001: Federal Government Receipts & Outlays.

The forecasted budget balance for the U.S. government is predicted to fluctuate between the fiscal years of 2024 and 2034. This forecast predicts a deficit of 2.58 trillion U.S. dollars by fiscal year 2034. A fiscal year covers the period from October 1 to September 30 of a given year.

Summary, reconciliation and revisions information on UK government deficit and debt figures by calendar and financial year.

This table shows the net transactions for the current month, and the current and prior fiscal year-to-date, as well as account balances for the beginning of the current fiscal year and current accounting month and the close of the current accounting month. This activity is related to the means used to finance the budget deficit or to dispose of a budget surplus. An asset account would represent an asset to the United States Government, for example United States Treasury Operating Cash. A liability account would represent a liability to the United States Government, for example Borrowing from the Public. This table includes total and subtotal rows that should be excluded when aggregating data. Some rows represent elements of the dataset's hierarchy, but are not assigned values. The classification_id for each of these elements can be used as the parent_id for underlying data elements to calculate their implied values. Subtotal rows are available to access this same information.

The U.S. budget deficit amounted to roughly 1.8 trillion U.S. dollars in 2024, which was around 6.4 percent of the U.S. GDP. The GDP of the United States since 1990 can be accessed here.

France recorded a Government Budget deficit equal to 5.80 percent of the country's Gross Domestic Product in 2024. This dataset provides the latest reported value for - France Government Budget - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Australia recorded a Government Budget surplus equal to 0.60 percent of the country's Gross Domestic Product in 2024. This dataset provides - Australia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Japan Consolidated Fiscal Balance: % of GDP

• Japan Consolidated Fiscal Balance recorded a deficit equal to 6.2 % of its Nominal GDP in Mar 2024, compared with a deficit equal to 11.6 % in the previous year
• Japan Consolidated Fiscal Balance to GDP data is updated yearly, available from Mar 1996 to Mar 2024, with an average ratio of -6.8 %
• The data reached an all-time high of -3.5 % in Mar 1998 and a record low of -14.8 % in Mar 2021

The Ministry of Finance provides annual Consolidated Fiscal Balance as % of Nominal GDP. Consolidated Fiscal Balance is calculated as Total Revenue excluding Revenue from Government Bond less Expenditure. Consolidated Fiscal Balance for current and coming fiscal years is forecasted. The forecast for the current year is revised when the official Consolidated Fiscal Balance is released. Nominal GDP prior to 2012 is based on SNA 1993. Consolidated Fiscal Balance as % of Nominal GDP is in annual frequency, ending in March of each year.


Further information about Japan Consolidated Fiscal Balance: % of GDP

• In the latest reports, Japan National Government Debt reached 9,396.6 USD bn in Apr 2023
• Japan Nominal GDP reached 1,080.1 USD bn in Mar 2023