Graph and download economic data for Federal Surplus or Deficit - from 1901 to 2024 about budget, federal, and USA.

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 government budget surplus or deficit (-) (M318501Q027NBEA) from Q3 1959 to Q4 2023 about budget, federal, government, GDP, and USA.

Graph and download economic data for Federal Budget Surplus or Deficit for the United States (M1525EUSM144NNBR) from Jul 1945 to Dec 1962 about budget, federal, and USA.

Japan recorded a Government Budget deficit equal to 6.40 percent of the country's Gross Domestic Product in 2022. This dataset provides - Japan Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

The U.S. budget deficit amounted to roughly 1.7 trillion U.S. dollars in 2023, which was around 6.3 percent of the U.S. GDP. The forecast predicts a state deficit of about 2.58 trillion U.S. dollars in 2034, which would be about 6.2 percent of the U.S. GDP. The GDP of the United States since 1990 can be accessed here.

The budget balance in relation to the GDP in China was forecast to continuously decrease between 2024 and 2029 by in total 0.8 percentage points. According to this forecast, in 2029, the budget balance will have decreased for the sixth consecutive year to -8.24 percent. 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 expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.Find more key insights for the budget balance in relation to the GDP in countries like Mongolia, South Korea, and Taiwan.

Ireland recorded a Government Budget surplus equal to 1.70 percent of the country's Gross Domestic Product in 2023. This dataset provides the latest reported value for - Ireland Government Budget - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

The budget balance in relation to the GDP in Argentina was forecast to continuously increase between 2024 and 2029 by in total 1.4 percentage points. After the sixth consecutive increasing year, the budget balance is estimated to reach 1.33 percent and therefore a new peak in 2029. 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 expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.Find more key insights for the budget balance in relation to the GDP in countries like Chile, Paraguay, and Uruguay.

Australia recorded a Government Budget surplus equal to 0.90 percent of the country's Gross Domestic Product in 2023. This dataset provides - Australia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Brazil recorded a government budget surplus of 63737 BRL Million in January of 2025. This dataset provides the latest reported value for - Brazil Government Budget Value - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Australia Government Budget: Surplus or Deficit data was reported at -18,186.000 AUD mn in Jan 2025. This records a decrease from the previous number of -9,297.000 AUD mn for Dec 2024. Australia Government Budget: Surplus or Deficit data is updated monthly, averaging -498.000 AUD mn from Jul 1973 (Median) to Jan 2025, with 589 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.

Key information about China Consolidated Fiscal Balance: % of GDP

• China Consolidated Fiscal Balance recorded a deficit equal to 4.8 % of its Nominal GDP in Dec 2024, compared with a deficit equal to 4.9 % in the previous quarter
• China Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 1995 to Dec 2024, with an average ratio of -2.0 %
• The data reached an all-time high of 1.4 % in Jun 2008 and a record low of -6.1 % in Dec 2020

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from monthly Consolidated Fiscal Balance and quarterly Nominal GDP. The Ministry of Finance provides year-to-date Consolidated Fiscal Balance in local currency. The National Bureau of Statistics provides year-to-date Nominal GDP in local currency. Consolidated Fiscal Balance as % of Nominal GDP prior to Q4 2007 is calculated from non year-to-date Consolidated Fiscal Balance.


Further information about China Consolidated Fiscal Balance: % of GDP

• In the latest reports, China National Government Debt reached 4,230.0 USD bn in Dec 2023
• China Nominal GDP reached 4,166.8 USD bn in Mar 2023

Singapore Govt Finance: Overall Budget Surplus / Deficit data was reported at -605.000 SGD mn in 2019. This records a decrease from the previous number of 9,608.000 SGD mn for 2018. Singapore Govt Finance: Overall Budget Surplus / Deficit data is updated yearly, averaging 775.800 SGD mn from Mar 2000 (Median) to 2019, with 20 observations. The data reached an all-time high of 9,608.000 SGD mn in 2018 and a record low of -4,049.700 SGD mn in 2016. Singapore Govt Finance: Overall Budget Surplus / Deficit data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Singapore – Table SG.F008: Overall Fiscal Position. Government's Financial Year 2017 begins from 1 April 2017 to 31 March 2019, hence FY 2018 data is updated under timepoint March 2019. This methodology also applies to other FY. 2. Data for timepoint March 2019 is budgeted figures for FY2018 whereas data for other timepoints are actual figures for the respective FY.

The budget balance in Ireland was forecast to continuously decrease between 2024 and 2029 by in total 20.3 billion Euros (-97.13 percent). According to this forecast, in 2029, the budget balance will have decreased for the fifth consecutive year to 0.56 billion Euros. 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 expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.Find more statistics on other topics about Ireland with key insights such as the gross domestic product in current prices, the average inflation rate, and the number of employed people.

Ireland: Budget balance forecast, percent of GDP: The latest value from 2028 is 0.27 percent, a decline from 0.37 percent in 2027. In comparison, the world average is -2.10 percent, based on data from 82 countries. Historically, the average for Ireland from 1997 to 2028 is -1.1 percent. The minimum value, -9.57 percent, was reached in 2010 while the maximum of 3.64 percent was recorded in 2000.

This summary table shows, for Budget Receipts, the total amount of activity for the current month, the current fiscal year-to-date, the comparable prior period year-to-date and the budgeted amount estimated for the current fiscal year for various types of receipts (i.e. individual income tax, corporate income tax, etc.). The Budget Outlays section of the table shows the total amount of activity for the current month, the current fiscal year-to-date, the comparable prior period year-to-date and the budgeted amount estimated for the current fiscal year for functions of the federal government. The table also shows the amounts for the budget/surplus deficit categorized as listed above. 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.

Jamaica recorded a Government Budget surplus equal to 0.30 percent of the country's Gross Domestic Product in 2023. This dataset provides - Jamaica Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.