United States - Government Budget Balance





United States: Government Budget Balance

Mnemonic GVBAL.IUSA
Unit Mil. USD, NSA
Adjustments Not Seasonally Adjusted
Monthly 90.95 %
Data Feb 2021 -310,922
Jan 2021 -162,832

Series Information

Source U.S. Department of the Treasury
Release Monthly Treasury Statement (MTS)
Frequency Monthly
Start Date 1/31/1968
End Date 2/28/2021

United States: Government

Reference Last Previous Units Frequency
Outstanding Public Debt Mar 2021 28,132,570 27,902,364 Mil. USD Monthly
Government Budget Balance Feb 2021 -310,922 -162,832 Mil. USD, NSA Monthly
Government Expenditures Feb 2021 559,236 547,483 Mil. USD, NSA Monthly
Government Revenues Feb 2021 248,314 384,651 Mil. USD, NSA 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.