United States - Government Revenues





United States: Government Revenues

Mnemonic GVREV.IUSA
Unit Mil. USD, NSA
Adjustments Not Seasonally Adjusted
Monthly 3.14 %
Data Jun 2021 449,199
May 2021 463,745

Series Information

Source U.S. Department of the Treasury
Release Monthly Treasury Statement (MTS)
Frequency Monthly
Start Date 1/31/1954
End Date 6/30/2021

United States: Government

Reference Last Previous Units Frequency
Government Budget Balance Jun 2021 -174,161 -131,953 Mil. USD, NSA Monthly
Government Expenditures Jun 2021 623,359 595,698 Mil. USD, NSA Monthly
Government Revenues Jun 2021 449,199 463,745 Mil. USD, NSA Monthly
Outstanding Public Debt Jun 2021 28,529,436 28,199,007 Mil. USD Monthly
Gross External Debt 2021 Q1 7,137,885 6,954,665 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.