Monthly Budget Statement

The Monthly Budget Statement released by the Financial Management Service summarizes the financial activities of federal entities, disbursing officers, and Federal Reserve banks. A positive budget statement that receipts exceed budgetary outlays is seen as bullish for the USD. On the other hands, a negative figure (deficit) that indicates government debt is seen as bearish.

Most recent - Wednesday 12 March 2025 18:00

Previous
$-129B
Revised
-
Forecast
$-303.2B
Actual
$-307B

Lower numbers than forecast tend to be bullish for xxx/USD pairs and bearish for USD/xxx pairs.

Next event - Friday 11 April 2025 18:00

Previous
-
Forecast
-
Actual
-

The typical/expected impact on USD pairs is medium.

There is no forecast value for Monthly Budget Statement yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Monthly Budget Statement was $-307B against a forecast of $-303.2B.

Past events

Date
Forecast
Actual
Wednesday 12 March 2025 18:00
$-303.2B
$-307B
Wednesday 12 February 2025 19:00
$-88.1B
$-129B
Tuesday 14 January 2025 19:00
$-75B
$-87B
Wednesday 11 December 2024 19:00
$-353B
$-367B
Wednesday 13 November 2024 19:00
$-211B
$-257B
Friday 18 October 2024 20:00
$61B
$64B
Thursday 12 September 2024 18:00
$-349.6B
$-380B
Monday 12 August 2024 18:00
$-254.3B
$-244B
Thursday 11 July 2024 18:00
$-83B
$-66B
Wednesday 12 June 2024 18:00
$-250B
$-347B
Friday 10 May 2024 18:00
$244.5B
$209.5B
Wednesday 10 April 2024 18:00
$-197.5B
$-236B
Tuesday 12 March 2024 18:00
$-299B
$-296B
Monday 12 February 2024 19:00
$-21B
$-22B
Thursday 11 January 2024 19:00
$-65.25B
$-129B
Tuesday 12 December 2023 19:00
$-301.05B
$-314B
Monday 13 November 2023 19:00
$-65B
$-67B
Friday 20 October 2023 18:00
$-78.6B
$-171B
Wednesday 13 September 2023 18:00
$-240B
$89B
Thursday 10 August 2023 18:00
$-109.3B
$-221B
Thursday 13 July 2023 18:00
$-175B
$-228B
Monday 12 June 2023 18:00
$-236B
$-240B
Wednesday 10 May 2023 18:00
$235B
$176B
Wednesday 12 April 2023 18:00
$-302B
$-378B
Friday 10 March 2023 19:00
$-256B
$-262B
Friday 10 February 2023 19:00
$-63B
$-39B
Thursday 12 January 2023 19:00
$-70B
$-85B
Monday 12 December 2022 19:00
-
$-249B
Thursday 10 November 2022 19:00
$-90B
$-88B
Friday 21 October 2022 14:30
-
$-430B
Tuesday 13 September 2022 18:00
$-213.5B
$-220B
Wednesday 10 August 2022 18:00
$-194B
$-211B
Wednesday 13 July 2022 18:00
$-76.5B
$-89B
Friday 10 June 2022 18:00
$-120B
$-66B
Wednesday 11 May 2022 18:00
$226B
$308B
Tuesday 12 April 2022 18:00
$-191B
$-193B

Economic context

Recent economic data has been moderately bearish for USD. Other recent announcements which may affect the market's interpretation of the next Monthly Budget Statement result:

PreviousLatest
New Home Sales Change (MoM)Bullish change-6.9%1.8%
Housing Price Index (MoM)Bearish change0.5%0.2%
S&P Global Composite PMIBullish change51.653.5
S&P Global Manufacturing PMIBearish change52.749.8
S&P Global Services PMIBullish change5154.3
Existing Home Sales Change (MoM)Bullish change-4.7%4.2%
Initial Jobless ClaimsBearish change220K223K
Philadelphia Fed Manufacturing SurveyBearish change18.112.5
Fed Interest Rate Decision(no change)4.5%4.5%
Interest Rate Projections - 1st yearBearish change3.9%3.4%
Interest Rate Projections - 2nd yearBearish change3.4%3.1%
Interest Rate Projections - CurrentBearish change4.4%3.9%
Interest Rate Projections - Longer(no change)3%3%
Industrial Production (MoM)Bullish change0.3%0.7%
Building Permits (MoM)Bearish change1.473M1.456M
Housing Starts (MoM)Bullish change1.35M1.501M
NY Empire State Manufacturing IndexBearish change5.7-20
Retail Sales (MoM)Bullish change-1.2%0.2%
Retail Sales Control GroupBullish change-1%1%
Retail Sales ex Autos (MoM)Bullish change-0.6%0.3%
Michigan Consumer Sentiment IndexBearish change64.757.9
UoM 5-year Consumer Inflation ExpectationBullish change3.5%3.9%
Initial Jobless ClaimsBullish change222K220K
Producer Price Index (MoM)Bearish change0.6%0%
Producer Price Index (YoY)Bearish change3.7%3.2%
Producer Price Index ex Food & Energy (MoM)Bearish change0.3%-0.1%
Producer Price Index ex Food & Energy (YoY)Bearish change3.6%3.4%
Consumer Price Index (MoM)Bearish change0.5%0.2%
Consumer Price Index (YoY)Bearish change3%2.8%
Consumer Price Index ex Food & Energy (MoM)Bearish change0.4%0.2%
Consumer Price Index ex Food & Energy (YoY)Bearish change3.3%3.1%

About Monthly Budget Statement

Country:United States
Currency:USD
Source:US Bureau of the Fiscal Service
Category:Politics
Frequency:Monthly
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