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From US Treasury Monthly Report for September 2023.
Total Federal Outlays: $6.13 trillion
Total Federal Receipts: $4.44 trillion
Federal Deficit: $1,694 billion
Total Federal Debt: $32.99 trillion
Details of Budgeted vs. Actual Outlays for FY 2023
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.
Recent and budgeted headline federal budget numbers in the FY17 Budget including overall revenue, deficit, and debt.
Click for Budget Detail |
Recent and budgeted federal revenue in the FY17 Budget
for major federal revenue types.
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Data Sources: Federal Revenue from Budget of the United States Government.
For a discussion of the sources of the government revenue data used here read How We Got the Data for usgovernmentspending.com.
Budget Updates: The presidents 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
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 revenue (or “receipts”), deficits, and also for major revenue types. Click here for details of receipts by function for the next five years.
Source: Budget of the United States Government.
Find DEFICIT stats and history.
US BUDGET overview and pie chart.
Find NATIONAL DEBT today.
DOWNLOAD revenue data.
See FEDERAL BUDGET breakdown and estimated vs. actual.
Check INCOME TAX details and history.
See BAR CHARTS of revenue.
Check STATE revenue: CA NY TX FL and compare.
See REVENUE ANALYSIS briefing.
See REVENUE HISTORY briefing.
Take a COURSE at Taxes 101.
Make your own CUSTOM CHART.
Revenue data is from official government sources.
Gross Domestic Product data comes from US Bureau of Economic Analysis and measuringworth.com.
Detailed table of revenue data sources here.
Federal revenue data begins in 1792.
State and local revenue data begins in 1820.
State and local revenue data for individual states begins in 1957.
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Sources for 2014:
GDP, GO: GDP, GO Sources
Federal: Fed. Budget: Hist. Tables 2.1, 2.4, 2.5, 7.1
State and Local: State and Local Gov. Finances
Sources for 2021:
GDP, GO: GDP, GO Sources
Federal: Fed. Budget: Hist. Tables 2.1, 2.4, 2.5, 7.1
State and Local: State and Local Gov. Finances
'Guesstimated' by projecting the latest change in reported revenue forward to future years
> data sources for other years
> data update schedule.
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.
$ billion | Estimate 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.
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usgovernmentrevenue.com
presented by Christopher Chantrill