Federal government surplus by quarter U.S. 2022

In the third quarter of 2022, the U.S. government's budget balance amounted to a net borrowing of about 1.19 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 2009 to 2022, by quarter (in trillion U.S. dollars)

Characteristic	Surplus in trillion U.S. dollars
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

November 2022

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Region

United States

Survey time period

2009 to 2022

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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