U.S. Government Financial Statements

U.S. Government Financial Statements are reports that show the government’s financial health, similar to a company's balance sheet and income statement. They detail what the government owns (assets), what it owes (liabilities), and how much it has spent or earned over a period (revenue and expenses). These statements provide transparency about fiscal responsibility and help policymakers, investors, and the public understand the government’s financial position, debt levels, and fiscal sustainability. They are essential tools for assessing whether the government is managing taxpayer dollars effectively and planning for the future.