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 1901 to 2025 about budget, federal, and USA.

The United States recorded a government budget deficit of 284350 USD Million in October of 2025. This dataset provides - United States Government Budget Value - 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 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.

Argentina recorded a Government Budget deficit equal to 0.27 percent of the country's Gross Domestic Product in 2024. This dataset provides - Argentina Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Historical: Federal government surplus or deficit, reconciliation with the public accounts, based on the 1968 System of National Accounts international standards. 1926 to 1950.

Germany recorded a Government Budget deficit equal to 2.80 percent of the country's Gross Domestic Product in 2024. This dataset provides the latest reported value for - Germany Government Budget - 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 -12,453.000 AUD mn in Oct 2025. This records a decrease from the previous number of -10,282.000 AUD mn for Sep 2025. Australia Government Budget: Surplus or Deficit data is updated monthly, averaging -113.000 AUD mn from Jul 1973 (Median) to Oct 2025, with 597 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.F: General Government: Cashflow Statement.

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.

Monthly and long-term Indonesia Fiscal Balance data: historical series and analyst forecasts curated by FocusEconomics.

The United Kingdom recorded a Government Budget deficit equal to 5.10 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.

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

In 2024, the budget balance in relation to the gross domestic product (GDP) in Australia amounted to about -2.16 percent. Between 1988 and 2024, the figure dropped by approximately 2.64 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 0.18 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 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

Key information about France Consolidated Fiscal Balance: % of GDP

• France Consolidated Fiscal Balance recorded a deficit equal to 5.5 % of its Nominal GDP in Sep 2025, compared with a deficit equal to 5.7 % in the previous quarter
• France Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 1949 to Sep 2025, with an average ratio of -2.3 %
• The data reached an all-time high of 1.5 % in Dec 1959 and a record low of -9.7 % in Mar 2021

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from quaterly Consolidated Fiscal Balance and quaterly Nominal GDP. National Institute of Statistics and Economic Studies provides Consolidated Fiscal Balance in EUR and Nominal GDP in EUR.


Further information about France Consolidated Fiscal Balance: % of GDP

• In the latest reports, France National Government Debt reached 4,021.0 USD bn in Jun 2025
• France Nominal GDP reached 875.2 USD bn in Sep 2025

The budget balance in relation to the gross domestic product (GDP) in Argentina stood at 0.46 percent in 2024. From 1993 to 2024, the budget balance rose by 0.48 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the budget balance will rise by 0.33 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 2024, the budget balance in relation to the gross domestic product (GDP) in France was -5.77 percent. Between 1980 and 2024, the figure dropped by 6.53 percentage points, though the decline followed an uneven course rather than a steady trajectory. The budget balance is forecast to decline by 0.57 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.

Monthly and long-term Germany Fiscal Balance data: historical series and analyst forecasts curated by FocusEconomics.