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What payment method are you using and exactly what message do you get when the purchase fails? Go here: https://store.steampowered.com/account/ Does it list anything about this CS:GO purchase under the "STORE TRANSACTIONS" page?
Information if your bank shows the purchase is pending (the bank is probably just holding the funds):
Source
Why is the bank holding the funds?
There are multiple declined transaction messages and depending on which you may be able to correct it without involving Steam Support. You can try some of these suggestions to see if you can successfully purchase the game:
Yes.
Have you tried purchasing through a web browser or with another payment method? You may need to wait for Steam Support to respond (unfortunately it can sometimes take up to two weeks).
A valve is a device used to control the flow of a fluid. Valve is also the name of the company behind Steam.
No, your money should be released after about 5 business days once the bank sees that the transaction(s) with Valve/Steam failed.