Search results
Results From The WOW.Com Content Network
Federal government spending pays for everything from Social Security and Medicare to military equipment, highway maintenance, building construction, research, and education. This spending can be broken down into two primary categories: mandatory and discretionary.
See how our data helps answer key questions about the federal government's accounting, central payment systems, and public debt. Looking for more? Choose a dataset below or select any dataset from our Dataset Search page, to find out how numbers have changed over time, see a data preview, and download the data for further analysis.
Understanding the National Deficit. A budget deficit occurs when money going out (spending) exceeds money coming in (revenue) during a defined period. In FY 2024, the federal government spent $ 6.75 trillion and collected $ 4.92 trillion in revenue, resulting in a deficit.
The national debt is the amount of money the federal government has borrowed to cover the outstanding balance of expenses incurred over time. In a given fiscal year (FY), when spending (ex. money for roadways) exceeds revenue (ex. money from federal income tax), a budget deficit results.
The annual Financial Report of the United States Government provides the American people with a comprehensive view into the nation’s finances and fiscal outlook. In these pages, you will find information about our current financial position, including a decrease in the federal budget
As shown in the chart below, federal revenue increases during periods of higher earnings for individuals and corporations because more income is collected in taxes. Revenue also increases during periods with higher tax rates.
Your Guide to America’s Finances makes federal financial information open and accessible to all. Explore U.S. revenue, spending, deficit, and debt with this open-source guide to federal finance data.
Machine-readable data for the U.S. government’s annual financial statements that provide a comprehensive view of federal government finances.
This dataset provides high-level information on the federal government’s outstanding debts, holdings, and the statutory debt limit on a monthly basis.
Monthly and fiscal year-to-date changes in federal debt, broken out by debt holder type, principal, interest, and premiums/discounts.