United States - Government Budget Balance





United States: Government Budget Balance

Mnemonic GVBAL.IUSA
Unit Mil. USD, NSA
Adjustments Not Seasonally Adjusted
Monthly 1.17 %
Data Dec 2020 -143,562
Nov 2020 -145,266

Series Information

Source U.S. Department of the Treasury
Release Monthly Treasury Statement (MTS)
Frequency Monthly
Start Date 1/31/1968
End Date 12/31/2020

United States: Government

Reference Last Previous Units Frequency
Government Budget Balance Dec 2020 -143,562 -145,266 Mil. USD, NSA Monthly
Government Expenditures Dec 2020 489,682 364,819 Mil. USD, NSA Monthly
Government Revenues Dec 2020 346,119 219,553 Mil. USD, NSA Monthly
Outstanding Public Debt Dec 2020 27,747,797 27,446,288 Mil. USD Monthly
Gross External Debt 2020 Q3 6,885,197 6,826,881 Mil. USD, NSA Quarterly

Release Information

Measures of government budgets represent spending and revenue for all levels of government. Spending and revenues are based, in part, on legislation, which appropriates funds to be spent, and on tax laws specifying what is to be taxed and at what rate. The budget is in balance when spending equals revenue, in deficit when spending exceeds revenue and in surplus when revenue exceeds spending.

There are two measures of budgets. The official budget represents the legally recognized spending, revenues, and surplus or deficit that are used by governments in establishing actual figures. The statistical budget is consistent with the definitions in the National Income and Product Accounts (NIPA), which conform to the components of GDP.

The statistical budgets in the NIPA for the federal government are seasonally adjusted, whereas the monthly figures on the official federal budget are not seasonally adjusted.

The Monthly Treasury Statement (MTS) contains two different totals in each tabulation; the latter excludes interfund transactions.