United States - Government Budget Balance

United States: Government Budget Balance

Unit Mil. USD, NSA
Adjustments Not Seasonally Adjusted
Monthly 262.46 %
Data Oct 2019 -134,468
Sep 2019 82,768

Series Information

Source U.S. Department of the Treasury
Release Monthly Treasury Statement (MTS)
Frequency Monthly
Start Date 1/31/1968
End Date 10/31/2019

United States: Government

Reference Last Previous Units Frequency
Outstanding Public Debt Nov 2019 23,076,199 23,008,410 Mil. USD Monthly
Government Budget Balance Oct 2019 -134,468 82,768 Mil. USD, NSA Monthly
Government Expenditures Oct 2019 379,988 291,260 Mil. USD, NSA Monthly
Government Revenues Oct 2019 245,520 374,028 Mil. USD, NSA Monthly
Gross External Debt 2019 Q2 6,784,223 6,732,214 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.