From US Treasury Monthly Report for September 2014.
FY 2014 Total Federal Outlays: $3.504 trillion
FY 2014 Total Federal Receipts: $3.021 trillion
FY 2014 Federal Deficit: $483 billion
Total Federal Debt: $17.8 trillion
Every year in February the President of the United States sends to Congress a budget request for the fiscal year that begins in ten months on October 1.
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.
FY12 Federal Budget also: Revenue Budget
Recent and budgeted headline federal budget numbers in the FY12 Budget including overall spending, deficit, and debt.
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FY12 Federal Budget: Spending by Function
Recent and budgeted federal spending in the FY12 Budget
for major federal spending functions.
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 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.
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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.
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> State Finances FY13
Sources for 2009:
Sources for 2012:
GDP, GO: See 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