The United States recorded a Federal Government Budget deficit equal to 2.50 percent of the country’s Gross Domestic Product in fiscal year 2015. It is the lowest budget deficit in 8 years. Government Budget in the United States averaged -2.09 percent of GDP from 1948 until 2015, reaching an all time high of 4.50 percent of GDP in 1948 and a record low of -9.80 percent of GDP in 2009. Government Budget in the United States is reported by the U.S. Treasury. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides – United States Government Budget – actual values, historical data, forecast, chart, statistics, economic calendar and news.
The post United States Federal Government Budget appeared first on Central bank.