Description: US federal spending for FY2024 is $6.88 trillion. Total spending, including federal, state, local, is estimated at $10.49 trillion. Source: OMB Historical Tables, Census Bureau.
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Federal Deficit Analysis
The Deficit is the amount by which the federal government’s total budget outlays exceeds its total receipts for a fiscal year. Last year, FY 2022, the deficit was $1,376 billion . This year, FY 2023, the deficit is budgeted at $1,569 billion . Deficit Analysis Federal Debt Deficit History Federal Debt Federal Debt Analysis
The Gross Federal Debt is the gross amount of debt outstanding issued by the US Treasury. Last year, FY 2022, the gross federal debt ended at $30.84 trillion . This year, FY 2023, the gross federal debt is budgeted at $32.69 trillion . Federal Debt Analysis Debt History Welfare Spending Welfare Spending Analysis
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