Federal Surplus or Deficit, High Employment Budget for the United States
Q15018USQ027SNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-16.10
Year-over-Year Change
-330.00%
Date Range
1/1/1947 - 4/1/1968
Summary
The Federal Surplus or Deficit, High Employment Budget for the United States measures the difference between government revenues and expenditures at a full-employment level of output, providing insights into the sustainability of fiscal policy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator represents the federal budget balance that would occur if the economy were operating at a high level of employment, rather than being influenced by cyclical factors. It serves as an important gauge for policymakers to assess the underlying fiscal position of the government.
Methodology
The data is calculated by the U.S. Federal Reserve using a model that adjusts the actual federal budget for the effects of the business cycle.
Historical Context
The high-employment budget is used to evaluate the structural, rather than cyclical, stance of fiscal policy and its potential impact on the economy.
Key Facts
- The high-employment budget is reported as a percentage of potential GDP.
- A positive high-employment budget indicates a structural budget surplus, while a negative value signifies a structural deficit.
- The high-employment budget is an important tool for assessing the long-term sustainability of fiscal policy.
FAQs
Q: What does this economic trend measure?
A: The Federal Surplus or Deficit, High Employment Budget measures the federal government's budget balance at a full-employment level of output, excluding the effects of the business cycle.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the underlying fiscal position of the government, helping policymakers and analysts assess the sustainability of fiscal policy and its potential impact on the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using a model that adjusts the actual federal budget for the effects of the business cycle.
Q: How is this trend used in economic policy?
A: The high-employment budget is used by policymakers and economists to evaluate the structural, rather than cyclical, stance of fiscal policy and its potential impact on the economy.
Q: Are there update delays or limitations?
A: The high-employment budget data is subject to revisions and may have some update delays, as it relies on complex modeling and adjustments to the actual federal budget.
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Citation
U.S. Federal Reserve, Federal Surplus or Deficit, High Employment Budget for the United States (Q15018USQ027SNBR), retrieved from FRED.