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).
Citation formats
Government budget balance in the U.S. Q1 2009-Q4 2025
In the fourth quarter of 2025, the U.S. government's budget balance amounted to a net borrowing of about * billion U.S. dollars. In the prior quarter the budget deficit was * billion U.S. dollars.
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BEA. (April 9, 2026). Quarterly budget surplus or deficit of the United States government from the 1st quarter of 2009 to the 4th quarter of 2025 (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 30, 2026, from /statistics/215510/budget-surplus-of-the-us-government-by-quarter/
BEA. "Quarterly budget surplus or deficit of the United States government from the 1st quarter of 2009 to the 4th quarter of 2025 (in billion U.S. dollars)." Chart. April 9, 2026. ÌÇÐÄÆƽâ°æ. Accessed July 30, 2026. /statistics/215510/budget-surplus-of-the-us-government-by-quarter/
BEA. (2026). Quarterly budget surplus or deficit of the United States government from the 1st quarter of 2009 to the 4th quarter of 2025 (in billion U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 30, 2026. /statistics/215510/budget-surplus-of-the-us-government-by-quarter/
BEA. "Quarterly Budget Surplus or Deficit of The United States Government from The 1st Quarter of 2009 to The 4th Quarter of 2025 (in Billion U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 9 Apr 2026, /statistics/215510/budget-surplus-of-the-us-government-by-quarter/
BEA, Quarterly budget surplus or deficit of the United States government from the 1st quarter of 2009 to the 4th quarter of 2025 (in billion U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/215510/budget-surplus-of-the-us-government-by-quarter/ (last visited July 30, 2026)
Quarterly budget surplus or deficit of the United States government from the 1st quarter of 2009 to the 4th quarter of 2025 (in billion U.S. dollars) [Graph], BEA, April 9, 2026. [Online]. Available: /statistics/215510/budget-surplus-of-the-us-government-by-quarter/
