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.

Key information about US Consolidated Fiscal Balance: % of GDP

• United States Consolidated Fiscal Balance recorded a deficit equal to 6.3 % of its Nominal GDP in Jun 2025, compared with a deficit equal to 7.0 % in the previous quarter
• US Consolidated Fiscal Balance to GDP data is updated quarterly, available from Sep 1981 to Jun 2025, with an average ratio of -2.8 %
• The data reached an all-time high of 2.5 % in Dec 2000 and a record low of -19.0 % in Mar 2021

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from monthly Consolidated Fiscal Balance and quarterly Nominal GDP. The Bureau of the Fiscal Service provides Consolidated Fiscal Balance in USD. The Bureau of Economic Analysis provides Nominal GDP in USD. Consolidated Fiscal Balance covers Central Government only.


Further information about US Consolidated Fiscal Balance: % of GDP

• In the latest reports, US National Government Debt reached 38,040.1 USD bn in Oct 2025
• US Nominal GDP reached 7,621.4 USD bn in Jun 2025

In 2024, the budget balance in relation to the gross domestic product (GDP) in the United States amounted to -8.03 percent. Between 2001 and 2024, the figure dropped by 7.49 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the budget balance will rise by 0.44 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.

Key information about Indonesia Consolidated Fiscal Balance: % of GDP

• Indonesia Consolidated Fiscal Balance recorded a deficit equal to 2.3 % of its Nominal GDP in Dec 2024, compared with a deficit equal to 3.0 % in the previous quarter
• Indonesia Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 2014 to Dec 2024, with an average ratio of -2.3 %
• The data reached an all-time high of -1.4 % in Sep 2022 and a record low of -6.6 % in Mar 2021

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from monthly Consolidated Fiscal Balance and quarterly Nominal GDP. The Directorate General of Treasury provides year-to-date Consolidated Fiscal Balance in local currency. Statistics Indonesia provides Nominal GDP in local currency.


Further information about Indonesia Consolidated Fiscal Balance: % of GDP

• In the latest reports, Indonesia National Government Debt reached 547.2 USD bn in Nov 2024
• Indonesia Nominal GDP reached 332.8 USD bn in Mar 2023

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.

Key information about EU Consolidated Fiscal Balance: % of GDP

• European Union Consolidated Fiscal Balance recorded a deficit equal to 3.1 % of its Nominal GDP in Dec 2024, compared with a deficit equal to 3.4 % in the previous year
• EU Consolidated Fiscal Balance to GDP data is updated yearly, available from Dec 1995 to Dec 2024, with an average ratio of -6.1 %
• The data reached an all-time high of -0.4 % in Dec 2018 and a record low of -7.2 % in Dec 1995

CEIC calculates Consolidated Fiscal Balance as % of Nominal GDP from annual Consolidated Fiscal Balance and quarterly Nominal GDP. Eurostat provides Consolidated Fiscal Balance in EUR and Nominal GDP in EUR. European Union stands for EU27 excluding UK.


Further information about EU Consolidated Fiscal Balance: % of GDP

• In the latest reports, EU National Government Debt reached 17,710.7 USD bn in Jun 2025
• EU Nominal GDP reached 5,301.1 USD bn in Jun 2025

The budget balance in relation to the gross domestic product (GDP) in Japan was estimated at -1.53 percent in 2024. Between 1980 and 2024, the budget balance rose by 2.89 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The budget balance is forecast to decline by 2.87 percentage points from 2024 to 2030, fluctuating as it trends downward.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 States recorded a Government Debt to GDP of 124.30 percent of the country's Gross Domestic Product in 2024. This dataset provides - United States Government Debt To GDP - 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.

Key information about Turkey Consolidated Fiscal Balance: % of GDP

• Turkey Consolidated Fiscal Balance recorded a deficit equal to 4.2 % of its Nominal GDP in Sep 2025, compared with a deficit equal to 4.9 % in the previous quarter
• Turkey Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 2006 to Sep 2025, with an average ratio of -0.9 %
• The data reached an all-time high of -0.6 % in Sep 2008 and a record low of -5.5 % in Mar 2024

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from monthly Consolidated Fiscal Balance and quarterly Nominal GDP. Republic of Turkey, Ministry of Treasury and Finance provides year-to-date Consolidated Fiscal Balance in local currency. Turkish Statistical Institute provides Nominal GDP in local currency.


Further information about Turkey Consolidated Fiscal Balance: % of GDP

• In the latest reports, Turkey National Government Debt reached 298.4 USD bn in Dec 2024
• Turkey Nominal GDP reached 427.9 USD bn in Sep 2025

Graph and download economic data for Federal Surplus or Deficit - from 1901 to 2025 about budget, federal, and USA.

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.

In 2024, the budget balance in relation to the gross domestic product (GDP) in the United Kingdom amounted to -5.75 percent. Between 1980 and 2024, the figure dropped by 2.91 percentage points, though the decline followed an uneven course rather than a steady trajectory. The forecast shows the budget balance will steadily grow by 3.51 percentage points from 2024 to 2030.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.

China recorded a Government Budget deficit equal to 6.50 percent of the country's Gross Domestic Product in 2024. This dataset provides - China Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The budget balance in relation to the gross domestic product (GDP) in Russia stood at -1.6 percent in 2024. Between 1998 and 2024, the budget balance rose by 5.82 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The budget balance is forecast to decline by 0.49 percentage points from 2024 to 2030, fluctuating as it trends downward.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.

In 2024, the budget balance in relation to the gross domestic product (GDP) in Brazil was -6.19 percent. Between 2001 and 2024, the figure dropped by 2.72 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the budget balance will rise by 1.56 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.

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.

Key information about UK Consolidated Fiscal Balance: % of GDP

• United Kingdom Consolidated Fiscal Balance recorded a deficit equal to 5.3 % of its Nominal GDP in Sep 2024, compared with a deficit equal to 5.9 % in the previous quarter
• UK Consolidated Fiscal Balance to GDP data is updated quarterly, available from Mar 1987 to Sep 2024, with an average ratio of -3.5 %
• The data reached an all-time high of 2.2 % in Jun 2000 and a record low of -25.6 % in Jun 2020

Office for National Statistics provides quarterly Consolidated Fiscal Balance as % of Nominal GDP.


Further information about UK Consolidated Fiscal Balance: % of GDP

• In the latest reports, UK National Government Debt reached 3,810.9 USD bn in Sep 2024
• UK Nominal GDP reached 786.4 USD bn in Mar 2023

Italy recorded a Government Budget deficit equal to 3.40 percent of the country's Gross Domestic Product in 2024. This dataset provides the latest reported value for - Italy Government Budget - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2024, the budget balance in relation to the gross domestic product (GDP) in China stood at approximately -7.34 percent. Between 1982 and 2024, the figure dropped by around 7.56 percentage points, though the decline followed an uneven course rather than a steady trajectory. The budget balance is forecast to decline by about 0.77 percentage points from 2024 to 2030, fluctuating as it trends downward.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.