{
  "id": "fiscal-balance",
  "name": "Federal budget balance",
  "domain": "institutions",
  "provider": "fred",
  "code": "FYFSGDA188S",
  "unit": "% of GDP",
  "frequency": "Annual",
  "description": "Federal surplus or deficit as a share of GDP. Negative values indicate a deficit.",
  "caveat": "Federal fiscal years, not calendar years. Deficits can reflect economic conditions and deliberate policy.",
  "sourceUrl": "https://fred.stlouisfed.org/series/FYFSGDA188S",
  "decimals": 1,
  "publisher": "U.S. Office of Management and Budget",
  "periodType": "fiscal",
  "observations": [
    {
      "date": "2000-01-01",
      "value": 2.30458
    },
    {
      "date": "2001-01-01",
      "value": 1.21184
    },
    {
      "date": "2002-01-01",
      "value": -1.44347
    },
    {
      "date": "2003-01-01",
      "value": -3.29583
    },
    {
      "date": "2004-01-01",
      "value": -3.37825
    },
    {
      "date": "2005-01-01",
      "value": -2.44145
    },
    {
      "date": "2006-01-01",
      "value": -1.79638
    },
    {
      "date": "2007-01-01",
      "value": -1.11026
    },
    {
      "date": "2008-01-01",
      "value": -3.10465
    },
    {
      "date": "2009-01-01",
      "value": -9.75744
    },
    {
      "date": "2010-01-01",
      "value": -8.60107
    },
    {
      "date": "2011-01-01",
      "value": -8.33091
    },
    {
      "date": "2012-01-01",
      "value": -6.62345
    },
    {
      "date": "2013-01-01",
      "value": -4.02694
    },
    {
      "date": "2014-01-01",
      "value": -2.75323
    },
    {
      "date": "2015-01-01",
      "value": -2.41574
    },
    {
      "date": "2016-01-01",
      "value": -3.10903
    },
    {
      "date": "2017-01-01",
      "value": -3.39306
    },
    {
      "date": "2018-01-01",
      "value": -3.77157
    },
    {
      "date": "2019-01-01",
      "value": -4.56634
    },
    {
      "date": "2020-01-01",
      "value": -14.4824
    },
    {
      "date": "2021-01-01",
      "value": -11.69028
    },
    {
      "date": "2022-01-01",
      "value": -5.27419
    },
    {
      "date": "2023-01-01",
      "value": -6.06751
    },
    {
      "date": "2024-01-01",
      "value": -6.19625
    },
    {
      "date": "2025-01-01",
      "value": -5.76906
    }
  ],
  "sourceUnits": "Percent of GDP , Not Seasonally Adjusted",
  "sourceDefinition": "",
  "sourceUpdated": null,
  "dataUrl": "https://fred.stlouisfed.org/graph/fredgraph.csv?id=FYFSGDA188S&cosd=1999-01-01&coed=2026-10-04",
  "fetchedAt": "2026-10-04T09:04:46.416Z",
  "status": "available",
  "domainInfo": {
    "id": "institutions",
    "name": "Public finances",
    "color": "#59619b"
  }
}