Federal Budget for FY23 Released

On March 31, 2022, we updated usgovernmentspending.com with the numbers from the historical tables in the Budget of the United States Government for Fiscal Year 2023. Actual revenue for FY 2021 and estimated revenue through FY 2027 come from Historical Tables 2.1, 2.4, and 2.5. Actual spending for FY 2021 and estimated spending at the subfunction level through FY 2027 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 2022 fiscal year have changed since the release of the FY 2022 budget a year ago in Winter 2021.

Federal Budget Changes for 2022

$ billion	Estimate for 2022 in FY2022 Budget	Estimate for 2022 in FY2023 Budget	Change
Federal Outlays	$6,011.2	$5,851.6	-$159.6
Federal Receipts	$4,174.2	$4,436.6	+$262.4
Federal Deficit	$1,837.0	$1,415.0	-$422.0

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 2027 come from the Outlays table in the Public Budget Database and were updated on usgovernmentspending.com on March 31, 2022.

Account level budget authority estimates through FY 2027 come from the Budget Authority table in the Public Budget Database and were updated on usgovernmentspending.com on March 31, 2022.