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From US Treasury Monthly Report for September 2014.
Total Federal Outlays: $3.504 trillion
Total Federal Receipts: $3.021 trillion
Federal Deficit: $483 billion
Total Federal Debt: $17.8 trillion
Details of Budgeted vs. Actual Outlays for FY 2014
Definition: Every year in February the President of the United States is required to send to Congress a budget request for the fiscal year that begins the following October.
FY 15+ Federal Budget also: Revenue Budget
Recent and budgeted headline federal budget numbers in the FY 15+ Budget including overall spending, deficit, and debt.
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FY 15+ Federal Budget Pie Chart
FY 15+ Federal Budget: Spending by Function
Recent and budgeted federal spending in the FY 15+ Budget
for major federal spending functions.
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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 presidents budget is typically published each year in February.
Federal Budget in History
in dollars | in percent GDP |
1863 - Gross federal debt exceeded $1 billion for first time. 1865 - Federal spending exceeded $1 billion for first time. 1914 - Federal spending exceeded $1 billion for second time. 1918 - Gross federal debt exceeded $10 billion for first time. 1921 - Bureau of the Budget established by Budget and Accounting Act. 1943 - Gross federal debt exceeded $100 billion for first time. 1970 - Office of Management and Budget created. 1982 - Gross federal debt exceeded $1 trillion for first time. 1987 - Federal spending exceeded $1 trillion for first time. 2009 - Gross federal debt exceeded $10 trillion for first time. | 1792 - Federal debt at 35 percent GDP. 1795 - Federal spending at two percent GDP. 1854 - Federal debt at one percent GDP. 1865 - Federal spending at 13 percent GDP at height of Civil War. 1867 - Federal debt at 32 percent GDP after Civil War. 1907 - Federal spending at 2.2 percent GDP. 1913 - Federal debt at 7.5 percent GDP. 1919 - Federal spending at 24 percent GDP at height of World War I. 1919 - Federal debt at 35 percent GDP after World War I. 1929 - Federal spending at 3.7 percent GDP. 1929 - Federal debt at 16 percent GDP. 1945 - Federal spending at 48 percent GDP at height of World War II. 1946 - Federal debt at 122 percent GDP after World War II. 1951 - Federal spending at 14.4 percent GDP. 1981 - Federal debt at 32 percent GDP. 1982 - Federal spending at 23 percent GDP. 1995 - Federal debt at 66 percent GDP. 2000 - Federal spending at 18 percent GDP. 2009 - Federal spending at 24 percent GDP. 2011 - Federal debt at 97 percent GDP. |
Federal Budget Process
This Budget of the United States Government starts the annual “budget process” that ends when Congress passes and the president signs the annual appropriations bills or continuing resolutions to fund the federal government for another fiscal year.
On this page you can see headline numbers for budgeted spending (or “outlays”), deficits, and also for major spending functions. Click here for details of outlays by function for the next five years. Click here for budget authority by function for the next five years. Click here for Social Security. Click here for Medicare.
Find DEFICIT stats and history.
Get WELFARE stats and history.
US BUDGET overview and pie chart.
Find NATIONAL DEBT today.
See FEDERAL BUDGET breakdown and estimated vs. actual.
MILITARY SPENDING details, budget and history.
ENTITLEMENT SPENDING history.
See BAR CHARTS of spending, debt.
See PIE CHARTS of total spending, federal spending.
Check STATE spending: CA NY TX FL and compare.
See SPENDING HISTORY briefing.
Take a COURSE at Spending 101.
Make your own CUSTOM CHART.
Spending data is from official government sources.
Federal data since 1962 comes from the presidents budget.
All other spending data comes from the US Census Bureau.
Gross Domestic Product data comes from US Bureau of Economic Analysis and measuringworth.com.
Detailed table of spending data sources here.
Federal spending data begins in 1792.
State and local spending data begins in 1890.
State and local spending data for individual states begins in 1957.
Take a course in government spending:
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Revenue
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Entitlements |
Deficits
State Spending |
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State Debt
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Sources for 2013:
GDP, GO: GDP, GO Sources
Federal: Fed. Budget: Hist. Tables 3.2, 5.1, 7.1
State and Local: State and Local Gov. Finances
'Guesstimated' by projecting the latest change in reported spending forward to future years
Sources for 2016:
GDP, GO: GDP, GO Sources
Federal: Fed. Budget: Hist. Tables 3.2, 5.1, 7.1
State and Local: State and Local Gov. Finances
'Guesstimated' by projecting the latest change in reported spending forward to future years
> data sources for other years
> data update schedule.
FY16 budget out Feb 2, 2015.
Obama Said to Seek 7% Budget Boost, Setting Up Fight With Congress
Federal Spending in the States, 2004 to 2013
Federal spending by state from Pew Charitable Trusts
CBO Federal Budget Projections: 2014 to 2024
FY2014 deficit projected at $492 billion
> archive
State and Local Finances Update for FY 2012
On December 11, 2014 usgovernmentspending.com updated the state and local spending and revenue for ...
Federal Deficit Announced for FY14
On October 13, 2014, the US Treasury reported in its Monthly Treasury Statement for September th...
State FY14 Tax Update
On September 27, 2014 usgovernmentspending.com updated FY2014 state revenue with quarterly tax data...
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presented by Christopher Chantrill
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