Source: The White House Office of Management and Budget
Latest Data: Click here
Frequency: Annual
This line item comes from the White House Office of Management and Budget, which publishes "The President's Budget" annually, a document which includes historical tables. A "surplus" is defined in the "Budget Concepts and Budget Process" document as "the amount by which receipts exceed outlays in a fiscal year. It may refer to the on-budget, off-budget, or unified budget surplus." A "deficit" arises if the "surplus" is negative.
Source: The White House Office of Budget and Management Historical Tables, Table 1.1 - SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS ( - ): 1789 - 2024