Federal government surplus by quarter U.S. 2023

In the fourth quarter of 2023, the U.S. government's budget balance amounted to a net borrowing of about 2.1 trillion U.S. dollars. This is compared to the first quarter of 2009, when the U.S. government borrowed about 1.79 trillion U.S. dollars.

Budget surplus of the United States government from the first quarter of 2009 to the fourth quarter of 2023 (in trillion U.S. dollars)

Characteristic	Surplus in trillion U.S. dollars
Q4 '23	-2.1
Q3 '23	-2.58
Q2 '23	-2.09
Q1 '23	-1.94
Q4 '22	-1.42
Q3 '22	-1.19
Q2 '22	-0.93
Q1 '22	-0.67
Q4 '21	-1.64
Q3 '21	-2.31
Q2 '21	-2.74
Q1 '21	-4.58
Q4 '20	-2.24
Q3 '20	-3.67
Q2 '20	-5.14
Q1 '20	-1.48
Q4 '19	-1.49
Q3 '19	-1.46
Q2 '19	-1.37
Q1 '19	-1.4
Q4 '18	-1.32
Q3 '18	-1.24
Q2 '18	-1.27
Q1 '18	-1.19
Q4 '17	-0.15
Q3 '17	-1.12
Q2 '17	-1.11
Q1 '17	-1.07
Q4 '16	-1.04
Q3 '16	-1.03
Q2 '16	-0.99
Q1 '16	-1.01
Q4 '15	-0.8
Q3 '15	-0.93
Q2 '15	-0.76
Q1 '15	-0.9
Q4 '14	-0.96
Q3 '14	-0.95
Q2 '14	-0.9
Q1 '14	-0.89
Q4 '13	-0.89
Q3 '13	-1.07
Q2 '13	-0.87
Q1 '13	-1.14
Q4 '12	-1.43
Q3 '12	-1.51
Q2 '12	-1.53
Q1 '12	-1.56
Q4 '11	-1.7
Q3 '11	-1.71
Q2 '11	-1.76
Q1 '11	-1.73
Q4 '10	-1.78
Q3 '10	-1.83
Q2 '10	-1.96
Q1 '10	-1.95
Q4 '09	-1.9
Q3 '09	-1.93
Q2 '09	-1.99
Q1 '09	-1.83

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Release date

April 2024

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Region

United States

Survey time period

2009 to 2023

Supplementary notes

The data are in seasonally adjusted U.S. dollars at annual rates.
Budget surplus=total receipts (current receipts + capital transfer receipts) - total expenditures (current expenditures + gross government investment + capital transfer payments + net purchases of non-produced assets - consumption of fixed capital).

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