U.S. government - Budget surplus or deficit 2027

In 2021, the U.S. government had a budget deficit of 2.78 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 fluctuated since 2016, and is expected to decrease slightly by 2026.

Military spending

Defense outlays in the United States amounted to 714 billion U.S. dollars in 2020. 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 2027 (in trillion U.S. dollars)

Year	Surplus/deficit in trillion U.S. dollars
'27*	-1.35
'26*	-1.33
'25*	-1.33
'24*	-1.2
'23*	-1.15
'22*	-1.41
'21	-2.78
'20	-3.13
'19	-0.98
'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