The Budget revenue in United States of America attained a value of USD 4,802,483 million in 2023
The indicator recorded a historical growth (CAGR) of 12% between 2020 to 2023, and is expected to grow by...
GlobalData projects the figure to grow at a CAGR of ...
Budget Revenue Overview
Budgeting is the process of estimating revenue and expenses for a set period of time. A national budget is defined as the budget of a country.
Total budget revenue refers to an estimate, often itemized, of expected income for a given period for a country. The revenue budget consists of revenue receipts of the government, including revenues from tax and other sources, and its expenditure.
The governments mostly earn from taxes and fees and spend it on various national aspects such as defense, infrastructure, grants for research, education, and the arts, and various social and health programs.
Budget Revenue: Global Scenario
According to GlobalData, the United States had the highest budget revenue in 2021 at $3.5 trillion, followed by China ($3.1 trillion), Germany ($1.9 trillion), Japan ($1.8 trillion), France ($1.4 trillion), the United Kingdom ($1.1 trillion), Italy ($944 billion), and Brazil ($772 billion).
The countries with the lowest budget revenue include Malta ($5.6 billion), Macau (SAR) ($8.5 billion), Iceland ($9.5 billion), Cyprus ($10.4 billion), Latvia ($14.5 billion), Estonia ($13.1 billion), Uruguay ($19.2 billion) and Nigeria ($20.0 billion).
The global average budget revenue was $335 billion in 2021 as per GlobalData, which was 6.6% more than the previous year.
Budget Revenue of the United States
The budget revenue of the United States attained a value of $3.5 trillion in 2021. It recorded an increase of 2.5% in 2021 compared to the previous year. Between 2018-2021, the budget revenue of the United States increased by 5.3%. The budget revenue in the United States was highest in 2021 with a value of $3.5 trillion and lowest in 2018 with a value of $3.3 trillion between 2018 and 2021, according to GlobalData. The budget revenue of the United States is anticipated to increase in the coming years.
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