Skip to main content

Cookies on Macro by Mark.We use essential cookies for sign-in, locale, and security. Optional analytics help us improve the product. Read our cookie policy.

Macro by MarkMacro by Mark
  • Home
  • News
  • Calendar
  • Indicators
  • Macro
  • About
Sign inSign up
Sign up
Indicators/Topics/Government & Fiscal/Fiscal balance/United States

United States

Fiscal balance

Government revenue minus expenditure.

FRED

Source: FRED · TGDEF · quarterly · level

Stored official data
Observation load pendingThis series has a mapped provider path, but Macro by Mark has not verified chartable observations for this country, frequency, and unit yet.
  • Browse the catalogUse the Explore page to filter by readiness, recency, and rights to find a chart-ready series.
  • Try a peer countryUse the country switcher to pick a country we have hydrated for this concept. The U.S. is usually the safest first try for FRED/BLS/BEA-backed series.

Research notes

Not yet assessed
Fallback data
ComparabilityAggregator is not the statistical authority: Use the source agency, source code, and methodology link when citing or reconciling with official releases.Real, nominal, and chain measures are not interchangeable: Use real growth for cycle analysis, nominal levels for revenue/size questions, and PPP or per-capita variants for welfare comparisons.Seasonal-adjustment status needs attention: Prefer same-adjustment comparisons, or transform to year-over-year changes before cross-series comparison.
4 notes
QualitySource authority: 82/100. Aggregator source: useful access layer, but official methodology remains with the originating agency.Metadata completeness: 100/100. 100% of core provider, geography, unit, frequency, citation, methodology, and revision metadata fields are populated.Timeliness and freshness: 38/100. 0 observations available; release status none; data status fallbackRevision and vintage depth: 100/100. Point-in-time data via the FRED ALFRED endpoint. Each request returns the values as they were published on the supplied vintage date.
2/6 strong
CitationFiscal balance - United States (FRED (St. Louis Fed): TGDEF, United States, retrieved Aug 5, 2026)
Retrieved Aug 5, 2026

Source evidence

Tier 1 - criticalU.S. macro backbone via St. Louis Fed; revision/vintage capable.Action: deepen nowExpected coverage: 800,000 series.
Source noteProvider health
Source
FRED
Native keyProvider-native identifier used to reconcile this country/provider series.
TGDEF
FreshnessDisplayed as stored official data.Official values served from the platform's stored snapshot while live refresh is unavailable or not included for this access level.Fetched: Not recorded.Latest observation flag: Preliminary.
Stored official data
HistoryPoint-in-time data via the FRED ALFRED endpoint. Each request returns the values as they were published on the supplied vintage date.Vintage history is derived from FRED ALFRED's realtime_start/realtime_end query parameters.
Source-native vintage
ReuseCommercial use: dataset specific.Redistribution: review required.Do not treat FRED as an automatically reusable commercial-display source. Prefer direct BEA, BLS, Census, FRB, Treasury, and EIA feeds where possible.Source: FRED, Federal Reserve Bank of St. Louis (TGDEF). Accessed 2026-08-05. Underlying-source rights may differ.
Dataset exceptions
Series details, provenance, and revision toolsMetadata, release notes, revision history, and related series.

Series details

SourceFRED
CategoryGovernment
FrequencyQuarterly
Unitcurrency or percent of GDP
Transformslevel, annualized, yoy, index 100
About this series

Government revenue minus expenditure.

Continue browsing

Browse all Government indicatorsAdjacent concepts across providers and countries.View United States macro coverageEvery curated indicator for this country.View FRED catalogFilter the full catalog by this provider.

Related measures

Adjacent and similar concepts available for United States.

Gross government debtGovernment revenueGovernment expenditureTax revenue
More related measures (4)
Interest paymentsMilitary expenditureMilitary expenditure share of spendingSubsidies and transfers
Open country pivot
Macro by Mark

Global economic data, empirical models, and macro theory
All in one workspace

Public data from government agencies and multilateral statistical releases, anchored in official sources.

Product

  • Indicators
  • News
  • Calendar
  • Dashboard
  • Pricing

Macro

  • Models
  • Labs
  • Simulators
  • Concepts
  • Glossary
  • World

Account

  • Create account
  • Sign in
  • Help
  • Trust and security

Company

  • About
  • Docs
  • Contact
  • Editorial process
  • Feedback
  • Customer Support
Product+
  • Indicators
  • News
  • Calendar
  • Dashboard
  • Pricing
Macro+
  • Models
  • Labs
  • Simulators
  • Concepts
  • Glossary
  • World
Account+
  • Create account
  • Sign in
  • Help
  • Trust and security
Company+
  • About
  • Docs
  • Contact
  • Editorial process
  • Feedback
  • Customer Support
Privacy PolicyTerms of ServiceEthics and Compliance

© 2026 Mark Jayson Martinez Farol

More series for this indicator

Chart-ready provider series for United States from the full catalog. Each opens its own series page.

  • Net lending (+) / net borrowing (-) (% of GDP) - United States

    annual · % of GDP

    Open with attributionCurrent releaseStored official observations
  • Arms imports (SIPRI trend indicator values) - United States

    annual · SIPRI trend indicator values

    Open with attributionCurrent releaseStored official observations
  • Military expenditure (current LCU) - United States

    annual · current LCU

    Open with attributionCurrent releaseStored official observations
  • Military expenditure (% of GDP) - United States

    annual · % of GDP

    Open with attributionCurrent releaseStored official observations
See all in Explore