The United States recorded a Government Budget deficit equal to 5.80 percent of the country's Gross Domestic Product in 2022. Government Budget in the United States averaged -2.54 percent of GDP from 1948 until 2022, reaching an all time high of 4.50 percent of GDP in 1948 and a record low of -15.00 percent of GDP in 2020. source: U.S. Treasury
Government Budget in the United States is expected to reach -6.00 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Federal Government Budget is projected to trend around -5.80 percent of GDP in 2025 and -4.80 percent of GDP in 2026, according to our econometric models.