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US Federal Budget Overview - Spending Breakdown Deficit Debt Pie Chart
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Spending Analyses:

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Budget of the United States Government

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.

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FY17 Federal Budget   also: Revenue Budget  

Recent and budgeted headline federal budget numbers in the FY17 Budget including overall spending, deficit, and debt.

$ trillion nom
2015201620172018201920202021
  Spending3.74.04.14.44.64.95.1 
  Federal Deficit0.40.60.50.50.50.50.6 
  Other Borrowing-0.10.70.20.30.30.20.2 
  Gross Federal Debt18.119.420.120.921.722.423.2 
source: actual budgeted estimated

Click for Budget Detail

FY17 Federal Budget: Spending by Function

Recent and budgeted federal spending in the FY17 Budget
for major federal spending functions.

$ trillion nom
201520162017
  Pensions0.91.01.0 
  Health Care1.01.11.2 
  Education0.10.10.1 
  Defense0.80.80.9 
  Welfare0.40.40.4 
source: actual budgeted

Click for Budget Detail

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.

Other budgets:
FY86 FY87 FY88 FY89 FY90 FY91 FY92 FY93 FY94 FY95 FY96 FY97 FY98 FY99 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24

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.

Source: Budget of the United States Government.

Suggested Video: What is the Deficit?

Top Spending Requests:

Find DEFICIT stats and history.

Get WELFARE stats and history.

US BUDGET overview and pie chart.

Find NATIONAL DEBT today.

DOWNLOAD spending data or debt data.

See FEDERAL BUDGET breakdown and estimated vs. actual.

MILITARY SPENDING details, budget and history.

ENTITLEMENT SPENDING history.

See BAR CHARTS of spending, debt.

Check STATE spending: CA NY TX FL and compare.

See SPENDING ANALYSIS briefing.

See SPENDING HISTORY briefing.

Take a COURSE at Spending 101.

Make your own CUSTOM CHART.

Spending Data Sources

Spending data is from official government sources.

Gross Domestic Product data comes from US Bureau of Economic Analysis and measuringworth.com.

Detailed table of spending data sources here.
Medicare breakdown here; Medicaid breakdown here.

Federal spending data begins in 1792.

State and local spending data begins in 1820.

State and local spending data for individual states begins in 1957.

Gross Federal Debt

Debt Now:  $34,573,199,545,841.43
Debt 2/2020:$23,409,959,150,243.63

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Data Sources for 2014_2021:

Sources for 2014:

GDP, GO: GDP, GO Sources
Federal: Fed. Budget: Hist. Tables 3.2, 5.1, 7.1
State and Local: State and Local Gov. Finances

Sources for 2021:

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.

Blog

Federal Budget for FY25 Released

On March 11, 2024, we updated usgovernmentspending.com with the numbers from the Public Budget Database in the Budget of the United States Government for Fiscal Year 2025

Here is how headline budget estimates for the upcoming FY 2024 fiscal year have changed since the release of the FY 2024 budget a year ago in Winter 2023.

Federal Budget Changes for 2024
$ billionEstimate for 2024
in FY2024 Budget
Estimate for 2024
in FY2025 Budget
Change
Federal Outlays$6,371.8$6,940.9 +$569.1
Federal Receipts$4,802.5$5,081.6+$279.1
Federal Deficit$1,569.4$1,859.4+$290.0

You can see line item changes from budget to budget here. You can compare budget estimates with actuals here.

Account level spending estimates through FY 2029 come from the Outlays table in the Public Budget Database and were updated on usgovernmentspending.com on March 11, 2024.

Account level budget authority estimates through FY 2029 come from the Budget Authority table in the Public Budget Database and were updated on usgovernmentspending.com on March 11, 2024. 

Agency Debt Update for 2023
On March 11, 2024, usgovernmentspending.com updated its data for agency debt from the Federal Reserve Board database. Data is now available for the period 1945-2023. You can see our Agency Debt pag ...

US GDP for 2023 Updated
On January 19, 2024 usgovernmentspending.com updated its GDP series with the latest data from the Bureau of Economic Analysis, ...

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Christopher Chantrill.

Email here.


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