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U.S. government - Budget surplus or deficit 2000-2024
U.S. government - Budget surplus or deficit 2000-2024
Surplus or deficit of the U.S. government's budget in fiscal years 2000 to 2024 (in trillion U.S. dollars)
by Erin Duffin,
last edited
Nov 1, 2019
In 2018, the U.S. government had a budget deficit of 0.78 trillion U.S. dollars. This is compared to 2000, when the government had a budget surplus of 0.24 trillion U.S. dollars.
U.S. Government budget
The government budget is a financial statement that demonstrates the government’s suggested revenues and spending for the financial year. Budget surpluses occur when income exceeds expenditures. Budget deficits occur when spending exceeds income. The budget balance of the U.S. government has been fluctuating since 2014, and it is expected to decrease slightly in 2024.Military spending
Defense outlays in the United States amounted to 621.7 billion U.S. dollars in 2018. It is expected to continue to increase over the next several years. The United States currently has the largest defense budget in the world, and is the largest employer in the world. The military budget funds the Army, Marine Corps, Navy, and Air Force. The amount of funding that goes towards the Department of Defense is heavily criticized by Democrats in the United States, because they believe that the funding should be more evenly distributed towards other social welfare programs such as public health insurance and education.Surplus or deficit of the U.S. government's budget in fiscal years 2000 to 2024 (in trillion U.S. dollars)
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| Year | Surplus/deficit in trillion U.S. dollars |
|---|---|
| '24* | -0.7 |
| '23* | -0.91 |
| '22* | -1.05 |
| '21* | -1.07 |
| '20* | -1.1 |
| '19* | -1.09 |
| '18 | -0.78 |
| '17 | -0.67 |
| '16 | -0.58 |
| '15 | -0.44 |
| '14 | -0.48 |
| '13 | -0.68 |
| '12 | -1.08 |
| '11 | -1.3 |
| '10 | -1.29 |
| '09 | -1.41 |
| '08 | -0.46 |
| '07 | -0.16 |
| '06 | -0.25 |
| '05 | -0.32 |
| '04 | -0.41 |
| '03 | -0.38 |
| '02 | -0.16 |
| '01 | 0.13 |
| '00 | 0.24 |
| Year | Surplus/deficit in trillion U.S. dollars |
|---|---|
| '24* | -0.7 |
| '23* | -0.91 |
| '22* | -1.05 |
| '21* | -1.07 |
| '20* | -1.1 |
| '19* | -1.09 |
| '18 | -0.78 |
| '17 | -0.67 |
| '16 | -0.58 |
| '15 | -0.44 |
| '14 | -0.48 |
| '13 | -0.68 |
| '12 | -1.08 |
| '11 | -1.3 |
| '10 | -1.29 |
| '09 | -1.41 |
| '08 | -0.46 |
| '07 | -0.16 |
| '06 | -0.25 |
| '05 | -0.32 |
| '04 | -0.41 |
| '03 | -0.38 |
| '02 | -0.16 |
| '01 | 0.13 |
| '00 | 0.24 |
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by Erin Duffin,
last edited
Nov 1, 2019
In 2018, the U.S. government had a budget deficit of 0.78 trillion U.S. dollars. This is compared to 2000, when the government had a budget surplus of 0.24 trillion U.S. dollars.
U.S. Government budget
The government budget is a financial statement that demonstrates the government’s suggested revenues and spending for the financial year. Budget surpluses occur when income exceeds expenditures. Budget deficits occur when spending exceeds income. The budget balance of the U.S. government has been fluctuating since 2014, and it is expected to decrease slightly in 2024.Military spending
Defense outlays in the United States amounted to 621.7 billion U.S. dollars in 2018. It is expected to continue to increase over the next several years. The United States currently has the largest defense budget in the world, and is the largest employer in the world. The military budget funds the Army, Marine Corps, Navy, and Air Force. The amount of funding that goes towards the Department of Defense is heavily criticized by Democrats in the United States, because they believe that the funding should be more evenly distributed towards other social welfare programs such as public health insurance and education.- Show sources information
- Show publisher information
- Release date
- March 2019
- Region
- United States
- Survey time period
- 2000 to 2018
- Supplementary notes
- * Estimates.
- Open this statistic in...
Source
- Show sources information
- Show publisher information
- Release date
- March 2019
More information
- Region
- United States
- Survey time period
- 2000 to 2018
- Supplementary notes
- * Estimates.
- Open this statistic in...
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U.S. public debt
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Statistics on "U.S. public debt"
- Overview on public debt in the U.S.
The most important statistics
- Public debt of the United States of America from October 2018 to October 2019, by month (in billion U.S. dollars)United States - public debt by month 2018/19
- Public debt of the United States from 1990 to 2019 (in billion U.S. dollars)Public debt of the United States
- United States' national debt per capita from 1990 to 2018 (in U.S. dollars)United States - national debt per capita 2018
- National debt in the United States in relation to gross domestic product (GDP) from 2014 to 2024*National debt in the US in relation to gross domestic product (GDP) 2024*
- Statutory limits on Federal debt of the United States from 1940 to 2018 (in billion U.S. dollars)Federal debt limit of the United States 1940-2018
- Holders of the debt
The most important statistics
- Holders of the U.S. government debt as of December 2018U.S government debt holders distribution 2018
- Major foreign holders of U.S. treasury securities as of September 2019 (in billion U.S. dollars)Major foreign holders of U.S. treasury securities 2019
- Percentage of major foreign holders of U.S. treasury securities from 2006 to 2018Percentage of major foreign holders of U.S. treasury securities 2006-2018
- State and local government debt
The most important statistics
- State and local government debt outstanding in the United States in 2016, by state (in billion U.S. dollars)U.S. state and local government debt outstanding 2016, by state
- Per capita state and local government debt outstanding in the United States in 2016, by state (in U.S. dollars)Per capita U.S. state and local government debt outstanding 2016, by state
- State and local government debt in the United States as a percentage of Gross Domestic product Product in the 2016 fiscal year, by stateState and local debt in the U.S. as a percentage of GDP in 2016, by state
- Gross public debt of U.S. states from 2000 to 2024* (in trillion U.S. dollars)Gross public debt of U.S. states 2000-2024*
- Gross public debt of U.S. local government from 2000 to 2024* (in trillion U.S. dollars)Gross public debt of U.S. local government 2000-2024*
- Debt forecast
The most important statistics
- Forecast of the gross federal debt of the United States for fiscal years 2018 to 2029 (in billion U.S. dollars)Federal debt of the United States - forecast 2018-2029
- Public debt levels in the United States - past and forecast from 2000 to 2018, projected up to 2029 (in billion U.S. dollars)Public debt levels in the U.S. 2000-2029
- U.S. public debt held by the public and forecast from 2000 to 2029 (as a percentage of the GDP)U.S. public debt and forecast as a percentage of the GDP 2000-2029
- Budget deficit
The most important statistics
- Budget surplus of the U.S. government from 2012 to 2019, by quarter (in trillion U.S. dollars)U.S. government - budget surplus by quarter 2019
- Surplus or deficit of the U.S. government's budget in fiscal years 2000 to 2024 (in trillion U.S. dollars)U.S. government - Budget surplus or deficit 2000-2024
- Forecast of the U.S. budget balance for fiscal years 2018 to 2029 (in billion U.S. dollars)U.S. government - forecast of the budget balance 2018-2029
- U.S. budget balance and forecast from 2000 to 2029 (as a percentage of the GDP)U.S. budget balance and forecast as a percentage of the GDP 2000-2029
- Total interest expense on debt held by the public of the United States from 2011 to 2019 (in billion U.S. dollars)Interest expense on U.S. public debt 2011-2019
- International comparison
The most important statistics
- The 20 countries with the highest public debt in 2017 in relation to the gross domestic product (GDP)Countries with the highest public debt 2017
- The 20 countries with the lowest national debt in 2017 in relation to gross domestic product (GDP)Countries with the lowest national debt 2017
- National debt of important industrial and emerging countries in 2018 in relation to gross domestic product (GDP)National debt of selected countries in relation to gross domestic product (GDP) 2018
- National debt in EU countries in the 1st quarter 2019 in relation to gross domestic product (GDP)National debt in EU countries in relation to gross domestic product (GDP) 2019
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Statistics on "U.S. public debt - Overview on public debt in the U.S."
Statistics on "U.S. public debt - Holders of the debt"
Statistics on "U.S. public debt - State and local government debt"
- U.S. state and local government debt outstanding 2016, by state
- Per capita U.S. state and local government debt outstanding 2016, by state
- State and local debt in the U.S. as a percentage of GDP in 2016, by state
- Gross public debt of U.S. states 2000-2024*
- Gross public debt of U.S. local government 2000-2024*
Statistics on "U.S. public debt - Debt forecast"
Statistics on "U.S. public debt - Budget deficit"
Statistics on "U.S. public debt - International comparison"
Further related statistics
- U.S. government - annual expenditure by quarter 2019
- U.S. government - total outlays 2000-2024
- Major revenue proposals in the budget request of the U.S. government 2013
- U.S. government: FISMA and IT spending FY 2006-2015
- U.S. budget request 2013 - change in spending by department
- U.S. government: FISMA share of IT spending FY 2006-2015
- U.S. federal budget - receipts and outlays from 2000-2024
- U.S. government: proposed spending in FY 2018-20120, by program
- U.S. Government shutdown: employees furloughed by agency 2013
- U.S. Federal Government's spending: growth rate by president 1982-2012
- Value of U.S. government office building construction projects 2016
- U.S. government agency rankings by leadership and knowledge management 2011
- Employees in the U.S. National Intelligence Program 2013, by agency
- Employees in the U.S. National Intelligence Program 2011-2013
- U.S. total government transfer payments per capita 2011, by state
- U.S. total women holding state public offices 2010, by state
- U.S. government beryllium national defense stockpile 2017
- U.S. and state legislatures: Black elected officials 2012, by state
- U.S. number of federal tax returns in 2010, by state
- Federal vs state spending per capita on children in the U.S. in 2008
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