US Government Finances: Spending, Deficit, Debt, Revenue since 1792

Time 2020-07-05 18:03:08

Web Name: US Government Finances: Spending, Deficit, Debt, Revenue since 1792

WebSite: http://www.usgovernmentspending.com

ID:20036

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Finances,Spending,US,

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Total US government spending includes federal, state, and local government spending net ofintergovernmental transfers. Intergovernmental Transfers are federal spending transferred to state and local govenments. State and local spending is guesstimated.Latest state data: FY 2018; latest local data: FY 2017.SpendingOverviewSpendingBreakdownSpendingDetailsSpendingAnalysisSpendingHistoryTotal Spending Pie Chart for FY 2020We have total spending data (federal+state+local) going back to 1820. Individualstate and local spending data going back to 1957.TOTAL Spending$8.12 trillionSpending: guesstimatedSpendingOverviewSpendingDetailsSpendingChartCompareStatesSpendingAnalysisSpendingHistoryDefenseHistoryActual Federal Spending for FY 2019Federal Spending Analysis From US Treasury Monthly Report for September 2019.Total Federal Outlays: $4.45 trillionTotal Federal Receipts: $3.46 trillionFederal Deficit: $984 billionTotal Federal Debt: $22.67 trillionSee details of federal spending numbers and pie chart.SpendingAnalysisSpendingPie ChartBudgetedvs. ActualFederal DeficitsFederal Deficit AnalysisThe Deficit is the amount by which the federal government s total budget outlays exceeds its total receipts for a fiscal year.Last year, FY 2019, the deficit was$984 billion.This year, FY 2020, the deficit is budgeted at$1,083 billion.DeficitAnalysisFederalDebtDeficitHistoryFederal DebtFederal Debt AnalysisThe Gross Federal Debt is the gross amount of debt outstanding issued by the US Treasury.Last year, FY 2019, the gross federal debt ended at$22.67 trillion.This year, FY 2020, the gross federal debt is budgeted at$23.9 trillion.Federal DebtAnalysisDebtHistoryWelfare SpendingWelfare Spending AnalysisWelfare Spending in the United States includes health care for the poor; income securityincluding EITC, SSI, TANF; food assistance; housing assistance; unemployment compensation.Welfare Spending is budgeted in FY 2020 at $1,150 billion, including Medicaid at$687 billion, and other welfare spending at$463 billion.WelfareAnalysisSpendingOverviewSpendingDetailsSpendingAnalysisSpendingHistoryDefense SpendingUS Defense AnalysisDefense Spending in the United States is budgeted in FY 2020 at $999.3 billion, including Pentagon spending$724.5 billion, veterans spending at$216.5 billion and foreign aid spending at$58.3 billion.DefenseAnalysisSpendingOverviewSpendingDetailsSpendingAnalysisSpendingHistoryUS Government Spending 2017: only 99 .US Government Spending 2012: free.Data Sources for 2018_2025:Sources for 2018:GDP, GO: GDP, GO SourcesFederal: Fed. Budget: Hist. Tables 3.2, 5.1, 7.1State and Local: State and Local Gov. Finances'Guesstimated' by projecting the latest change in reported spending forward to future yearsSources for 2025:GDP, GO: GDP, GO SourcesFederal: Fed. Budget: Hist. Tables 3.2, 5.1, 7.1State 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.Add Federal Intergovernmental Transfers for Individual StatesUp to now, usgovernmentspending.com has shown so-called "intergovernmental transfers" for displays of spending for the gross finances of all states, but not for individual states.But the Census Bureau publishes, in its Annual Survey of State and Local Government Finances, numbers for intergovernmental transfers, both for all states together in the United States as a whole, and for each individual states.In response to a request from a user, usgovernmentspending.com now shows intergovernmental transfers for individual states. But the amount is shown as a value of federal spending and as a negative value of intergovernmental transfer. This is done to avoid double counting, because the proceeds of each intergovernmental transfer is already shown in the spending on programs at the state and local level.For instance, for education spending for Alabama in 2017, the latest year with data, we show:

TAGS:Finances Spending US 

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US federal spending for FY2020 is $4.79 trillion. Total spending, including federal, state, local, is estimated at $8.12 trillion. Source: OMB Historical Tables, Census Bureau.

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