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

In the first quarter of 2024, the U.S. government's budget balance amounted to a net borrowing of about 2.09 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.

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.

United States - Federal Surplus or Deficit [-] was -1832816.00000 Mil. of $ in September of 2024, according to the United States Federal Reserve. Historically, United States - Federal Surplus or Deficit [-] reached a record high of 236241.00000 in September of 2000 and a record low of -3131917.00000 in September of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Federal Surplus or Deficit [-] - last updated from the United States Federal Reserve on July of 2025.

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.

United States - Federal Surplus or Deficit [-] as Percent of Gross Domestic Product was -6.28002 % of GDP in January of 2024, according to the United States Federal Reserve. Historically, United States - Federal Surplus or Deficit [-] as Percent of Gross Domestic Product reached a record high of 4.29777 in January of 1948 and a record low of -26.86278 in January of 1943. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Federal Surplus or Deficit [-] as Percent of Gross Domestic Product - last updated from the United States Federal Reserve on July of 2025.

This summary table shows the total amount of receipts and outlays and the amount of the budget surplus/deficit by month for the current and prior fiscal years. 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.

Graph and download economic data for Total Federal Budget Surplus or Deficit for the United States (M1525AUSM144NNBR) from Jan 1879 to Sep 1915 about budget, federal, and USA.

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.

United States - Federal government budget surplus or deficit (-) was -508.44400 Bil. of $ in October of 2023, according to the United States Federal Reserve. Historically, United States - Federal government budget surplus or deficit (-) reached a record high of 211.24100 in April of 2000 and a record low of -1997.87800 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Federal government budget surplus or deficit (-) - last updated from the United States Federal Reserve on July of 2025.

United States - Federal government budget surplus or deficit (-) was -1694.32800 Bil. of $ in January of 2023, according to the United States Federal Reserve. Historically, United States - Federal government budget surplus or deficit (-) reached a record high of 236.23900 in January of 2000 and a record low of -3132.61100 in January of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Federal government budget surplus or deficit (-) - last updated from the United States Federal Reserve on June of 2025.

The United States recorded a government budget surplus of 27000 USD Million in June of 2025. This dataset provides - United States Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This table is a subsidiary table for Means of Financing the Deficit or Disposition of Surplus by the U.S. Government providing a detailed view of the Change in Excess of Liabilities. 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.

This summary table shows the on-budget and off-budget receipts and outlays, the on-budget and off-budget surplus/deficit, and the means of financing the budget surplus/deficit. The table also shows the budgeted amounts estimated in the President's Budget for the current fiscal year and next fiscal year for each item on the table. 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.

United States - Federal Surplus or Deficit [-] was -316003.76119 Mil. of $ in May of 2025, according to the United States Federal Reserve. Historically, United States - Federal Surplus or Deficit [-] reached a record high of 308215.06053 in April of 2022 and a record low of -864074.06849 in June of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Federal Surplus or Deficit [-] - last updated from the United States Federal Reserve on June of 2025.

United States CBO Projection: Deficit or Surplus: Off-Budget: % of GDP data was reported at -1.182 % in 2035. This records a decrease from the previous number of -1.146 % for 2034. United States CBO Projection: Deficit or Surplus: Off-Budget: % of GDP data is updated yearly, averaging -0.087 % from Sep 2007 (Median) to 2035, with 29 observations. The data reached an all-time high of 1.320 % in 2007 and a record low of -1.182 % in 2035. United States CBO Projection: Deficit or Surplus: Off-Budget: % of GDP data remains active status in CEIC and is reported by Congressional Budget Office. The data is categorized under Global Database’s United States – Table US.F007: Federal Government Receipts and Outlays: Projection. Refer to ID: 448572167 for historic actual figures

This table is a subsidiary table for Means of Financing the Deficit or Disposition of Surplus by the U.S. Government providing a detailed view of the transactions labelled, Agency Securities, Issued Under Special Financing Authorities. Special financing authorities include financing that is established by legislation under special or unique circumstances and for a specific purpose. 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.

United States Federal Government Surplus or Deficit: On Budget data was reported at -88.207 USD bn in Oct 2018. This records a decrease from the previous number of 101.096 USD bn for Sep 2018. United States Federal Government Surplus or Deficit: On Budget data is updated monthly, averaging -33.187 USD bn from Oct 1984 (Median) to Oct 2018, with 409 observations. The data reached an all-time high of 195.006 USD bn in Apr 2018 and a record low of -223.102 USD bn in Feb 2012. United States Federal Government Surplus or Deficit: On 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.