Spending, Deficit, Debt, Revenue since 1792

Angelena Iglesia

  Headline federal, state, local, and total US government spending.   Amounts in $ trillion FY 2019 FY 2020   Federal Spending 4.45 4.79 Intergov. Transfers -0.71 -0.78 State Spending 1.91 1.98 Local Spending 2.06 2.14 Total Spending 7.70 8.12 Spending: actual budgeted guesstimated Total US government spending includes federal, […]

 

Headline federal, state, local, and total US government spending.

  Amounts in $ trillion FY 2019 FY 2020  
Federal Spending 4.45 4.79
Intergov. Transfers -0.71 -0.78
State Spending 1.91 1.98
Local Spending 2.06 2.14
Total Spending 7.70 8.12
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.

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 2020  
Pensions inc. SoSec $1.51 trillion
Health care $1.8 trillion
Education $1.34 trillion
Defense $1 trillion
Welfare $0.46 trillion
Protection $0.31 trillion
Transportation $0.36 trillion
Gen. Government $0.21 trillion
Other Spending $0.63 trillion
Interest $0.5 trillion
TOTAL Spending $8.12 trillion
Spending: guesstimated


From US Treasury Monthly Report for September 2019.

Total Federal Outlays:
$4.45 trillion

Total Federal Receipts:
$3.46 trillion

Federal Deficit:
$984 billion

Total Federal Debt:
$22.67 trillion

See details of federal spending numbers and pie chart.

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 2019, the deficit was
$984 billion.

This year, FY 2020, the deficit is budgeted at
$1,083 billion.

The 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.

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 2020 at
$1,150 billion, including Medicaid at
$687 billion, and other welfare spending at
$463 billion.

Defense 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.

Spending Data Sources

Spending data is from official government sources.

Gross Domestic Product data comes from
US Bureau of Economic Analysis and
measuringworth.com.

Detailed table of spending data sources here.

Federal spending data begins in 1792.

State and local spending data begins in 1820.

State and local spending data for individual states begins in 1957.

Gross Federal Debt

Debt Now: $25,142,400,455,245.54

Debt 2/28: $23,409,959,150,243.63

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The US Bureau of Economic Analysis (BEA) released its Gross State Product (GSP) data for 2019 on April 7, 2020.

Usgovernmentspending.com has updated its individual state GSPs for 2019 and projected nominal and real GSP through 2025 for each state using the projected national GDP numbers from Table 10.1 in the Historical Tables for the Federal FY2021 Budget and the historical GDP data series from the BEA as a baseline.

As before we have projected individual state GSPs out to 2025 by applying a factor to reflect each state’s deviation from the national growth rate. (E.g. In 2014 the national real GDP expanded by 2.4 percent. But North Dakota grew by 6.3 percent, a deviation of nearly 4 percent. The deviation is reduced by 40 percent for each year after 2014, making the assumption that each state will slowly revert to the national norm.)

Click here to view a complete list of US states and their 2019 GSP growth rates.

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