On October 18, 2024, the US Treasury reported in its Monthly Treasury Statement (and xlsx) for September that the federal deficit for FY 2024 ending September 30, 2024, was $1,833 billion. Here are the numbers, including total receipts, total outlays, and deficit compared with the numbers projected in the FY 2025 federal budget published in February 2024:
| Federal Finances FY 2024 Outcomes | |||
|---|---|---|---|
| Budget billions | Outcome billions | ||
| Receipts | $5,082 | $4,919 | |
| Outlays | $6,941 | $6,752 | |
| Deficit | $1,859 | $1,833 | |
usgovernmentspending.com now shows the new numbers for total FY 2024 total outlays and receipts on its Estimate vs. Actual page.
The Monthly Treasury Statement includes "Table 4: Receipts of the United States Government, September 2024 and Other Periods." This table of receipts by source is used for usgovernmentspending.com to post details of federal receipt actuals for FY 2024.
This MTS report on FY 2024 actuals is a problem for usgovernmentspending.com because this site uses Historical Table 3.2--Outlays by Function and Subfunction from the Budget of the United States as its basic source for federal subfunction outlays. But the Monthly Treasury Statement only includes "Table 9. Summary of Receipts by Source, and Outlays by Function of the U.S. Government, September 2024 and Other Periods". Subfunction amounts don't get reported until the FY26 budget in February 2025. Until then usgovernmentspending.com estimates actual outlays by "subfunction" for FY 2024 by factoring subfunction budgeted amounts for FY24 by the ratio between relevant actual and budgeted "function" amounts where actual outlays by subfunction cannot be gleaned from the Monthly Treasury Statement.
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