United States - Government Budget Balance





United States: Government Budget Balance

Mnemonic GVBAL.IUSA
Unit Mil. USD, NSA
Adjustments Not Seasonally Adjusted
Monthly 95.92 %
Data Jun 2019 -8,476
May 2019 -207,768

Series Information

Source U.S. Department of the Treasury
Release Monthly Treasury Statement (MTS)
Frequency Monthly
Start Date 1/31/1968
End Date 6/30/2019

United States: Government

Reference Last Previous Units Frequency
Government Budget Balance Jun 2019 -8,476 -207,768 Mil. USD, NSA Monthly
Government Expenditures Jun 2019 342,429 439,833 Mil. USD, NSA Monthly
Government Revenues Jun 2019 333,952 232,064 Mil. USD, NSA Monthly
Outstanding Public Debt Jun 2019 22,023,282 22,026,424 Mil. USD Monthly
Gross External Debt 2019 Q1 6,732,214 6,584,373 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.