Monday, February 10, 2020

Federal Budget for FY21 Released

On February 10, 2020, we updated usgovernmentspending.com with the numbers from the historical tables in the Budget of the United States Government for Fiscal Year 2021. Actual revenue for FY 2019 and estimated revenue through FY 2025 come from Historical Tables 2.1, 2.4, and 2.5. Actual spending for FY 2019 and estimated spending at the subfunction level through FY 2025 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 2021 fiscal year have changed since the release of the FY 2020 budget a year ago in Winter 2019.

FY 2020 Federal Budget Changes Since 2019
$ billionEstimate for 2020
in FY2020 Budget
Estimate for 2020
in FY2021 Budget
Change
Federal Outlays$4,745.6$4,789.8+$44.2
Federal Receipts$3,644.8$3,706.3+$61.5
Federal Deficit$1,100.8$1,083.4-$17.4

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 2025 come from the Outlays table in the Public Budget Database and were updated on usgovernmentspending.com on February 10, 2020.

Account level budget authority estimates through FY 2025 come from the Budget Authority table in the Public Budget Database and were updated on usgovernmentspending.com on February 10, 2020.