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FY12 Federal Budget Spending Estimates
for Fiscal Years 2011 - 2016

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US Federal Government Spending
Budget Interest Cost Analysis for FY 12 in $ billion

		FY 2011 Spending	FY 2012 Spending	FY 2013 Spending	FY 2014 Spending	FY 2015 Spending	FY 2016 Spending
	OMB Budget Numbers¹
	Interest	206.7	241.6	321.0	417.5	494.3	562.2
	Interest Rate %	1.34	1.45	1.81	2.23	2.50	2.70
	Total Spending	3,818.8	3,728.7	3,770.9	3,977.1	4,189.8	4,467.8
	Federal Deficit	1,645.1	1,101.2	767.5	644.6	606.7	648.7
	Gross Public Debt	15,476.2	16,654.3	17,750.5	18,761.2	19,775.5	20,825.0
	Revised Budget Numbers
	Revised Interest	201.2	249.8	568.1	773.9	902.0	999.1
	Revised Interest Rate %							Go
	Revised Total Spending	3,813.3	3,736.9	4,018.0	4,333.5	4,597.5	4,904.7
	Revised Federal Deficit	1,639.6	1,109.5	1,014.6	1,000.9	1,014.4	1,085.6
	Revised Gross Public Debt	15,470.7	16,657.0	18,000.3	19,367.3	20,789.4	22,275.7
Spending: Pie Chart: Select a pie chart you wish to display. You can create a pie chart for federal, state and local, and overall spending/revenue. budgeted estimated Notes: 1. Budget of the US Government: Table 3.2

The table shows overall budgeted federal expenditures for total spending and interest payments on federal debt for the next five fiscal years. In the first section, labeled “OMB Budget Numbers” you can see the budgeted expenditure as estimated in the historical tables in the current presidential budget. The row labeled “Interest Rate %” is the effective interest rate for the accumulated federal debt for each year and is computed by dividing the budgeted interest cost by the gross public debt.

Under “Revised Budget Numbers” you can input your own estimate of future interest rates for each fiscal year. Click Go to recalculate interest costs and to view the effect of those interest costs on total spending and the accumulated federal debt.

Notes

Data Sources: Federal spending from Budget of the United States Government.

For a discussion of the sources of the government spending data used here read How We Got the Data for usgovernmentspending.com.

Budget Updates: The president’s budget is typically published each year in February.

Download Federal Interest Forecast for 2011-2016

You can download budget data as a CSV file or directly as a tab-delimited table.

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Tab-delimited Table

Here is the interest forecast table with columns tab-delimited. You can cut and paste directly into a spreadsheet:

You can copy all the text in the textbox by clicking your cursor in the box. Then press Ctrl-A and Ctrl-C and paste the text into your spreadsheet.

US Federal Government Spending Budget Interest Cost Analysis for FY 12 in $ billion FY 2011 Spending FY 2012 Spending FY 2013 Spending FY 2014 Spending FY 2015 Spending FY 2016 Spending OMB Budget Numbers(1) Interest 206.69 b 241.60 b 320.97 b 417.51 b 494.32 b 562.19 b Interest Rate % 1.34 1.45 1.81 2.20 2.43 2.57 Total Spending 3,818.82 b 3,728.69 b 3,770.88 b 3,977.14 b 4,189.77 b 4,467.81 b Federal Deficit 1,645.12 b 1,101.24 b 767.54 b 644.55 b 606.73 b 648.71 b Gross Public Debt 15,476.24 e 16,648.78 e 17,753.25 e 19,010.95 e 20,381.69 e 21,838.87 e Revised Budget Numbers Revised Interest 201.19 g 249.73 g 568.14 g 784.21 g 929.97 g 1,048.79 g Revised Interest Rate % 1.30 g 1.50 g 3.20 g 4.10 g 4.50 g 4.70 g Revised Total Spending 3,813.32 g 3,736.82 g 4,018.05 g 4,343.84 g 4,625.42 g 4,954.42 g Revised Federal Deficit 1,639.62 g 1,109.37 g 1,014.71 g 1,011.25 g 1,042.38 g 1,135.32 g Revised Gross Public Debt 15,470.74 g 16,651.42 g 18,003.05 g 19,627.46 g 21,433.84 g 23,377.63 g Spending: b - budgeted estimate in US fy12 budget e - out-year estimate in US fy12 budget Notes: 1. Budget of the US Government: Table 3.2

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State and Local Spending for Individual States from 1957 to 1991

On June 15, 2013 usgovernmentspending.com loaded state and local spending and revenue for individual states going back to 1957.

Up to now, we have provided state and local finances from the present back to 1992 using data provided by the Census Bureau here. But the Census Bureau also has data on individual states going back to 1957 here in file Govt_Finances.zip.

There is a break in data series at 1991-92. The Census Bureau prior to 1992 has fewer line items than the post-1992 data. There is also a break at 1976-77. The Census Bureau prior to 1977 has fewer line items than the post-1977 data. Typically, the data in reports for earlier years is reported in an aggregate item that sums up the detailed items in the more recent data reports.

These breaks in data have produced "notches" in some of the data series, and we have done some "juggle-ology" to produce smoother data series, as detailed below.

One problem in the pre-1992 data is that Medicaid is not broken out of welfare. Up to now, for pre 1992 years we have estimated Medicaid expenses for all states combined based upon the assumption that the intergovernmental transfers to health care all apply to Medicaid and can be subtracted from the gross welfare expenditures to produce welfare net of Medicaid. For each state, therefore, we have broken down pre-1992 gross welfare expenditures between net welfare and Medicaid based upon the overall ratio for all states between net welfare (gross welfare less health care intergovernmental transfer) and Medicaid (health care intergovernmental transfer).

Another problem that the pre-1992 data seems to include judicial and legal system expenditures under "General Control" in the "General Government" category. Data since 1992 has separate data series for judicial and legal system expenditures and we showed it under "Protection" in the default data view. We have therefore created a new "default" view with judicial and legal system expenditures included under "General Government." The old default view -- now labeled "old" -- has the judicial and legal system expenditures included under "Protection." Typically, any links you have saved previous to June 15, 2013 will categorize data under the old default view. New links will use the new default view, unless you select the old default view.

For 1958-60 combined state-and-local data only is reported in the Census Bureau data. So we have estimated state data and local data by interpolation from 1957 and 1961.