Government Budget Value is reported on a monthly basis by the Financial Management Service of the US Treasury, and is shows the actual deficit of surplus of the US Government for any given month. Budget deficits can stimulate the economy as they can lead often to higher levels of GDP, but they must be financed by government bonds. Excessive levels of deficits in the Government Budget are not sustainable in the long run and can cause financial instability or economic recession if they are not controlled. For the year of 2017 the US government estimate is to have total revenues of $3.21 trillion, total expenses or spending of $3.65 trillion, and therefore a total budget deficit of $443 billion or a deficit of -2.6% as percentage of the total GDP.
The United States Government Budget Value
The United States Government Budget Value latest reading showed a deficit of -$90 billion in June of 2017, larger than the expectation of -$35 billion. The United States Government Budget Value has a an average of $-16.92216 billion for the period of years 1954-2017, with an all-time high value of $189.796 billion in April of 2001, and it also has an all-time low price of -$231.677 billion in February of 2012. If the current US Government Administration target goal of 3.0% GDP growth is to be achieved, then there may be an increase in the future deficits of the Government Budget Value, especially if there are also future reductions in the corporate tax rates.
