		FY 2019 Spending	FY 2020 Spending	FY 2021 Spending	FY 2022 Spending	FY 2023 Spending	FY 2024 Spending
	OMB Budget Numbers¹
	Interest	393.5	478.8	547.5	609.9	663.7	701.7
	Interest Rate %	1.73	1.99	2.16	2.30	2.40	2.46
	Total Spending	4,529.2	4,745.6	4,945.2	5,177.5	5,330.1	5,453.0
	Federal Deficit	1,091.5	1,100.8	1,068.3	1,048.9	908.6	700.5
	Gross Public Debt	22,775.6	24,057.5	25,333.0	26,544.3	27,644.6	28,581.5
	Revised Budget Numbers
	Revised Interest	393.5	478.8	547.5	609.9	663.7	701.7
	Revised Interest Rate %							Go
	Revised Total Spending	4,529.2	4,745.6	4,945.2	5,177.5	5,330.1	5,453.0
	Revised Federal Deficit	1,091.5	1,100.8	1,068.3	1,048.9	908.6	700.5
	Revised Gross Public Debt	22,775.6	24,057.5	25,333.0	26,544.3	27,644.6	28,581.5
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. estimated budgeted guesstimated Data Source: Federal: Fed. Budget: Hist. Tables 3.2, 5.1, 7.1

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 2019-2024

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US Federal Government Spending Budget Interest Cost Analysis for FY 20 in $ billion FY 2019 Spending FY 2020 Spending FY 2021 Spending FY 2022 Spending FY 2023 Spending FY 2024 Spending OMB Budget Numbers(1) Interest 393.50 b 478.81 b 547.50 b 609.88 b 663.69 b 701.69 b Interest Rate % 1.73 1.99 2.16 2.30 2.40 2.46 Total Spending 4,529.19 b 4,745.57 b 4,945.20 b 5,177.48 b 5,330.08 b 5,452.99 b Federal Deficit 1,091.53 b 1,100.80 b 1,068.34 b 1,048.85 b 908.63 b 700.47 b Gross Public Debt 22,775.55 e 24,057.51 e 25,333.04 e 26,544.29 e 27,644.64 e 28,581.53 e Revised Budget Numbers Revised Interest 393.50 g 478.81 g 547.50 g 609.88 g 663.69 g 701.69 g Revised Interest Rate % 1.73 g 1.99 g 2.16 g 2.30 g 2.40 g 2.46 g Revised Total Spending 4,529.19 g 4,745.57 g 4,945.20 g 5,177.48 g 5,330.08 g 5,452.99 g Revised Federal Deficit 1,091.53 g 1,100.80 g 1,068.34 g 1,048.85 g 908.63 g 700.47 g Revised Gross Public Debt 22,775.55 g 24,057.51 g 25,333.04 g 26,544.29 g 27,644.64 g 28,581.53 g Spending: e - out-year estimate in US fy20 budget b - budgeted estimate in US fy20 budget g - projected by usgovernmentspending.com Notes: 1. Budget of the US Government: Table 3.2

Interest
Analysis

US Treasury Securities Yield Curve for June 11, 2018

The US Treasury Yield Curve show the current yield of the full range of securities issued by the US Treasury, from One Month Treasury Bills to 30 Year Treasury Bonds. It is considered by experts that a “normal” yield curve, where every security with a longer maturity has a yield greater than all securities with a shorter maturity, is the sign of a growing economy.

US Treasury Securities Yield Curve for November 28,2006

An “inverted” yield curve, where US securities with shorter maturity have yields greater than some securities with a longer maturity, is a flashing red sign indicating recession ahead.

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Spending Data Sources

Spending data is from official government sources.

Federal spending data since 1962 comes from the president’s 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 1820.

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

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Data Sources for 2019_2024:

Sources for 2019:

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 2024:

> data sources for other years
> data update schedule.

CBO Long Term Budget Outlook for 2019

On June 25, 2019 the Congressional Budget Office released its annual Long Term Budget Outlook for 2019, which projects federal spending and revenue out into the 2040s. As before, the CBO study shows that federal health-care programs and interest costs will eat the budget, with federal spending exceeding 28 percent GDP by mid century while federal revenue stays below 20 percent GDP.

UsGovernmentspending.com has updated its chart of the CBO Long Term Budget Outlook here. You can download the data and also view CBO Long Term Budget Outlooks going back to 1999.

Budget News

Historical Tables | The White House
Historical Tables for FY20 budget "will be published March 18, 2019"

Trump to Begin Releasing Fiscal 2020 Budget Plan on March 11
the proposal will be unveiled in two parts. The president’s budget message, top priorities, and summary tables will come March 11.

Trump’s 2020 budget delayed by shutdown
OMB working on revised schedule...

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Medicare Part C Updated from 2019 Trustees Report
Usgovernmentspending.com has updated its estimate of Medicare Part C, the Medicare Advantage pro...

Medicare/Social Security 2019 Trustee Reports Released
On April 22, 2019, the Center for Medicare Services released its annual Medicare Trustees Report, ...

Gross State Product for 2018
The US Bureau of Economic Analysis (BEA) released its Gross State Product (GSP) data for 2018 on M...

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