Monday, March 18, 2019

Federal Budget for FY20 Released

On March 18, 2019, we updated usgovernmentspending.com with the numbers from the historical tables in the Budget of the United States Government for Fiscal Year 2020. Actual revenue for FY 2018 and estimated revenue through FY 2024 come from Historical Tables 2.1, 2.4, and 2.5. Actual spending for FY 2018 and estimated spending at the subfunction level through FY 2024 come from Table 3.2. Budget Authority estimates come from Table 5.1, federal debt estimates come from Table 7.1 and GDP estimates come from Table 10.1. Intergovernmental transfers come from Table 12.3.

Here is how headline budget estimates for the upcoming FY 2020 fiscal year have changed since the release of the FY 2019 budget a year ago in 2018.

FY 2020 Federal Budget Changes Since 2019
$ billionEstimate in
FY19 Budget
Estimate in
FY20 Budget
Change
Federal Outlays$4,595.9$4,529.2-$66.7
Federal Receipts$3,608.9$3,437.2-$171.7
Federal Deficit$987.0$1,091.5+$104.5

You can see line item changes from budget to budget here. You can compare budget estimates with actuals here.

Account level spending estimates through FY 2024 come from the Outlays table in the Public Budget Database and were updated on usgovernmentspending.com on March 18, 2019.

Account level budget authority estimates through FY 2024 come from the Budget Authority table in the Public Budget Database and were updated on usgovernmentspending.com on March 18, 2019.

Sunday, March 10, 2019

Agency Debt Update for 2018

On March 10, 2019, usgovernmentspending.com updated its data for agency debt from the Federal Reserve Board database. Data is now available for the period 1945-2018. You can see our Agency Debt page here, and a comparison with the official "on-the-books" debt here.

For the period 2017 to 2023 usgovernmentspending.com has "guesstimated" the agency debt, assuming that it increases at the same rate as it did in 2017 to 2018.

See "Federal 'Agency Debt' Added" for explanation of  data derivation.

Data is downloaded from the FRB data download page for "Financial Accounts of the United States (Z.1)" as follows.
  1. Select a preformatted data package: "L.211 (A) Agency- and GSE-Backed Securities, n.s.a."
  2. Click: Format package.
  3. Select: 100 years.
  4. Click: Go to Download.
  5. Click: Download File.

Monday, January 7, 2019

US, State Population Update for 2018

On December 7, 2018 the US Census Bureau released its US national and state population estimates for July 1, 2018.  On January 7, 2019 usgovernmentspending.com updated its US and state population data as follows:
  • We updated 2010-2018 population data for US and states using data from US Census Bureau Population Estimates: vintage 2018 in file nst-est2018-01.xlsx.
  • We projected 2019 thru 2024 for the states assuming population rate change for 2017-18.
  • We updated 2019 thru 2024 for US only using the percentage projections from US Census Bureau 2017 National Population Projections in file np2017-t1.xlsx.
usgovernmentspending.com uses population data in computing per capita spending and revenue data. You can see per capita spending data in a chart here, and in a table of spending here.

You can check the data update schedule here.