Special Message: Information on usgovernmentspending.com now shows our “guesstimate” for federal spending and revenue for the COVID year FY 2020. We will update with actuals on October 12, 2020. But we won’t know about federal finances for FY2021 and beyond until the next federal budget comes out in February 2021. And we won’t know about the COVID impact on state and local spending for years.

Topics Monthly Federal Spending/Revenue/Deficit Charts

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Total US Government Spending Headline federal, state, local, and total US government spending. Amounts in $ trillion FY 2020 FY 2021 Federal Spending 6.37 4.83 Intergov. Transfers -0.78 -0.8 State Spending 1.98 2.04 Local Spending 2.1 2.17 Total Spending 9.66 8.25 Spending: actual budgeted guesstimated Total US government spending includes federal, state, and local government spending net of intergovernmental 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. Spending

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Total Spending Pie Chart for FY 2021 We have total spending data (federal+state+local) going back to 1820. Individual state and local spending data going back to 1957. Spending Functions FY 2021 Pensions inc. SoSec $1.57 trillion Health care $1.86 trillion Education $1.24 trillion Defense $1.06 trillion Welfare $0.45 trillion Protection $0.33 trillion Transportation $0.37 trillion Gen. Government $0.2 trillion Other Spending $0.65 trillion Interest $0.51 trillion TOTAL Spending $8.25 trillion Spending: guesstimated Spending

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Actual Federal Spending for FY 2020 Federal Spending Analysis From US Treasury Monthly Report for September 2020. Total Federal Outlays: $6.37 trillion Total Federal Receipts: $3.46 trillion Federal Deficit: $2,909 billion Total Federal Debt: $26.68 trillion See details of federal spending numbers and pie chart. Spending

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Federal Deficits 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 2020, the deficit was $2,909 billion. This year, FY 2021, the deficit is budgeted at $966 billion. Deficit

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Federal Debt Federal Debt Analysis The Gross Federal Debt is the gross amount of debt outstanding issued by the US Treasury. Last year, FY 2020, the gross federal debt ended at $26.68 trillion. This year, FY 2021, the gross federal debt is budgeted at $25.08 trillion. Federal Debt

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Welfare Spending Welfare Spending Analysis Welfare Spending in the United States includes health care for the poor; income security including EITC, SSI, TANF; food assistance; housing assistance; unemployment compensation. Welfare Spending is budgeted in FY 2021 at $1,143 billion, including Medicaid at $688 billion, and other welfare spending at $455 billion. Welfare

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Defense Spending US Defense Analysis Defense Spending in the United States is budgeted in FY 2021 at $1,065.0 billion, including Pentagon spending $767.1 billion, veterans spending at $237.2 billion and foreign aid spending at $60.7 billion. Defense

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