Federal Budget for FY27 Released

On April 4, 2026, we updated usgovernmentspending.com with the numbers from the Public Budget Database in the Budget of the United States Government for Fiscal Year 2027. 

Here is how headline budget estimates for the upcoming FY 2027 fiscal year have changed since the release of the FY 2025 budget in Winter 2024. There were no budgetary estimates in the budget documents for the FY 2026 budget.

Federal Budget Changes for 2027

$ billion	Estimate for 2027 in FY2025 Budget	Estimate for 2027 in FY2027 Budget	Change
Federal Outlays	$7,696.6	$8,092.9	+$569.1
Federal Receipts	$6,186.2	$5,921.0	+$279.1
Federal Deficit	$1,510.3	$2,171.9	+$290.0

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 2031 come from the Outlays table in the Public Budget Database and were updated on usgovernmentspending.com on April 4, 2026.

Account level budget authority estimates through FY 2031 come from the Budget Authority table in the Public Budget Database and were updated on usgovernmentspending.com on April 4, 2026. 

Medicare/Social Security 2025 Trustees Reports Released

On June 18, 2025, the Center for Medicare Services released its annual Medicare Trustees Report, which projects Medicare spending out to 2095.  As in the past, the report shows that federal health-care programs will eat the budget.

In this report the Trustees forecast that Medicare will top out at a little above 6 percent of GDP in the 2080s.

On June 20, 2025, usgovernmentspending.com updated its chart of the Medicare Outlook here based on data in the 2025

 Medicare Trustees Report.  You can download the data and also view selected Medicare Trustee forecasts going back to 2005.

On June 18, 2025, the Social Security Administration released its annual OASDI Trustees Report, which projects Social Security spending out to 2095.  As in the past, the report shows that Social Security spending will max out at about 6 percent of GDP. UsGovernmentspending.com uses the Supplemental Single Year Tables.

On June 20, 2025, usgovernmentspending.com updated its chart of the Social Security Outlook here based on data in the 2025 OASDI Trustees Report.  You can download the data and also view selected OASDI Trustee forecasts going back to 1997.

Medicare/Social Security 2024 Trustee Reports Released

On May 6, 2024, the Center for Medicare Services released its annual Medicare Trustees Report, which projects Medicare spending out to 2095.  As in the past, the report shows that federal health-care programs will eat the budget.

In this report the Trustees forecast that Medicare will top out at a little above 6 percent of GDP in the 2080s.

On June 1, 2024, usgovernmentspending.com updated its chart of the Medicare Outlook here based on data in the 2023 Medicare Trustees Report.  You can download the data and also view selected Medicare Trustee forecasts going back to 2005.

On May 6, 2024, the Social Security Administration released its annual OASDI Trustees Report, which projects Social Security spending out to 2095.  As in the past, the report shows that Social Security spending will max out at about 6 percent of GDP. UsGovernmentspending.com uses the Supplemental Single Year Tables.

On June 1, 2024, usgovernmentspending.com updated its chart of the Social Security Outlook here based on data in the 2024 OASDI Trustees Report.  You can download the data and also view selected OASDI Trustee forecasts going back to 1997.

Federal Budget for FY25 Released

On March 11, 2024, we updated usgovernmentspending.com with the numbers from the Public Budget Database in the Budget of the United States Government for Fiscal Year 2025. 

Here is how headline budget estimates for the upcoming FY 2024 fiscal year have changed since the release of the FY 2024 budget a year ago in Winter 2023.

Federal Budget Changes for 2024

$ billion	Estimate for 2024 in FY2024 Budget	Estimate for 2024 in FY2025 Budget	Change
Federal Outlays	$6,371.8	$6,940.9	+$569.1
Federal Receipts	$4,802.5	$5,081.6	+$279.1
Federal Deficit	$1,569.4	$1,859.4	+$290.0

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 2029 come from the Outlays table in the Public Budget Database and were updated on usgovernmentspending.com on March 11, 2024.

Account level budget authority estimates through FY 2029 come from the Budget Authority table in the Public Budget Database and were updated on usgovernmentspending.com on March 11, 2024. 

Medicaid Update for FY 2022

On December 13, 2023, the Centers for Medicare and Medicaid Services (CMS) published its annual report on National Health Expenditures and its NHE Tables includes data on Medicaid from 1960 to 2022. On January 12, 2024, usgovernmentspending.com updated its Medicaid data.

Item	2022 Estimate	2022 Actual
Federal Medicaid	$591.9 bn	$591.9 bn
State Medicaid (net)	$274.7 bn	$213.8 bn
Total Medicaid	$866.6 bn	$805.7 bn

The federal Medicaid number comes from the Federal Budget Subfunction 558: Grants to states for Medicaid. The state contribution comes from the NHE Tables.

usgovernmentspending.com publishes "guesstimates" of state and local spending from the latest year published by the Census Bureau (currently FY 2022) to the last year in the Historical Tables of the federal budget (for the FY 2024 budget that is 2028). So we have developed "guesstimates" of Medicaid spending going out to 2028, assuming that the overall Medicaid spending increases at the same rate as the federal "Grants to States for Medicaid" increases.

National Health Expenditure data is updated each year in mid December.

Federal Deficit, Receipts, Outlays Actuals for FY 2023

On October 20, 2023, the US Treasury reported in its Monthly Treasury Statement (and xlsx) for September that the federal deficit for FY 2023 ending September 30, 2023, was $1,675 billion. Here are the numbers, including total receipts, total outlays, and deficit compared with the numbers projected in the FY 2024 federal budget published in February 2023:

Federal Finances FY 2023 Outcomes
	Budget billions	Outcome billions
Receipts	$4,802	$4,439
Outlays	$6,371	$6,134
Deficit	$1,569	$1,675

usgovernmentspending.com now shows the new numbers for total FY 2022 total outlays and receipts on its Estimate vs. Actual page.

The Monthly Treasury Statement includes "Table 4: Receipts of the United States Government, September 2022 and Other Periods." This table of receipts by source is used for usgovernmentspending.com to post details of federal receipt actuals for FY 2022.

This MTS report on FY 2023 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 2023 and Other Periods". Subfunction amounts don't get reported until the FY25 budget in February 2024. Until then usgovernmentspending.com estimates actual outlays by "subfunction" for FY 2023 by factoring subfunction budgeted amounts for FY23 by the ratio between relevant actual and budgeted "function" amounts where actual outlays by subfunction cannot be gleaned from the Monthly Treasury Statement.

Final detailed FY 2023 actuals will not appear on usgovernmentspending.com until the FY 2025 federal budget is published in February 2024 with the actual outlays for FY 2023 in Historical Table 3.2--Outlays by Function and Subfunction.

Medicare/Social Security 2023 Trustee Reports Released

On March 31, 2023, the Center for Medicare Services released its annual Medicare Trustees Report, which projects Medicare spending out to 2095.  As in the past, the report shows that federal health-care programs will eat the budget.

In this report the Trustees forecast that Medicare will top out at a little above 6 percent of GDP in the 2080s.

On June 29, 2023, usgovernmentspending.com updated its chart of the Medicare Outlook here based on data in the 2023 Medicare Trustees Report.  You can download the data and also view selected Medicare Trustee forecasts going back to 2005.

On March 31, 2023, the Social Security Administration released its annual OASDI Trustees Report, which projects Social Security spending out to 2095.  As in the past, the report shows that Social Security spending will max out at about 6 percent of GDP. UsGovernmentspending.com uses the Supplemental Single Year Tables.

On June 29, 2023, usgovernmentspending.com updated its chart of the Social Security Outlook here based on data in the 2023 OASDI Trustees Report.  You can download the data and also view selected OASDI Trustee forecasts going back to 1997.

CBO Long Term Budget Outlook for 2023

On June 28, 2023 the Congressional Budget Office released its annual Long Term Budget Outlook for 2023, which projects federal spending and revenue out to 2053.  As before, the CBO study shows that federal health-care programs and interest costs will eat the budget, with federal spending exceeding 25 percent GDP by the mid 2030s while federal revenue stays below 19 percent GDP.

UsGovernmentspending.com has updated its chart of the CBO Long Term Budget Outlook here.  You can download the data and also view CBO Long Term Budget Outlooks going back to 1999.

Federal Budget for FY24 Released

On March 10, 2023, we updated usgovernmentspending.com with the numbers from the Public Budget Database in the Budget of the United States Government for Fiscal Year 2024. 

Here is how headline budget estimates for the upcoming FY 2023 fiscal year have changed since the release of the FY 2023 budget a year ago in Winter 2021.

Federal Budget Changes for 2023

$ billion	Estimate for 2023 in FY2023 Budget	Estimate for 2023 in FY2024 Budget	Change
Federal Outlays	$5,792.1	$6,371.8	+$579.7
Federal Receipts	$4,638.2	$4,802.5	+$164.3
Federal Deficit	$1,153.9	$1,569.4	$315.5

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 2028 come from the Outlays table in the Public Budget Database and were updated on usgovernmentspending.com on March 10, 2023.

Account level budget authority estimates through FY 2028 come from the Budget Authority table in the Public Budget Database and were updated on usgovernmentspending.com on March 10, 2023.

Medicaid Update for FY 2021

 On January 6, 2023, the Centers for Medicare and Medicaid Services (CMS) published its annual report on National Health Expenditures and its NHE Tables includes data on Medicaid from 1960 to 2021. On January 7, 2023, usgovernmentspending.com updated its Medicaid data.

Item	2021 Estimate	2021 Actual
Federal Medicaid	$520.6 bn	$520.6 bn
State Medicaid (net)	$241.5 bn	$213.4 bn
Total Medicaid	$762.1 bn	$734.0 bn

The federal Medicaid number comes from the Federal Budget Subfunction 558: Grants to states for Medicaid. The state contribution comes from the NHE Tables.

usgovernmentspending.com publishes "guesstimates" of state and local spending from the latest year published by the Census Bureau (currently FY 2021) to the last year in the Historical Tables of the federal budget (for the FY 2023 budget that is 2027). So we have developed "guesstimates" of Medicaid spending going out to 2027, assuming that the overall Medicaid spending increases at the same rate as the federal "Grants to States for Medicaid" increases.

National Health Expenditure data is updated each year in mid December.

Federal Deficit, Receipts, Outlays Actuals for FY 2022

On October 21, 2022, the US Treasury reported in its Monthly Treasury Statement (and xlsx) for September that the federal deficit for FY 2022 ending September 30, 2022, was $x,xxx billion. Here are the numbers, including total receipts, total outlays, and deficit compared with the numbers projected in the FY 2023 federal budget published in February 2022:

Federal Finances FY 2022 Outcomes
	Budget billions	Outcome billions
Receipts	$4,437	$4,896
Outlays	$5,852	$6,271
Deficit	$1,415	$1,375

usgovernmentspending.com now shows the new numbers for total FY 2022 total outlays and receipts on its Estimate vs. Actual page.

The Monthly Treasury Statement includes "Table 4: Receipts of the United States Government, September 2022 and Other Periods." This table of receipts by source is used for usgovernmentspending.com to post details of federal receipt actuals for FY 2022.

This MTS report on FY 2022 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 2022 and Other Periods". Subfunction amounts don't get reported until the FY24 budget in February 2023. Until then usgovernmentspending.com estimates actual outlays by "subfunction" for FY 2022 by factoring subfunction budgeted amounts for FY22 by the ratio between relevant actual and budgeted "function" amounts where actual outlays by subfunction cannot be gleaned from the Monthly Treasury Statement.

Final detailed FY 2022 actuals will not appear on usgovernmentspending.com until the FY 2024 federal budget is published in February 2023 with the actual outlays for FY 2022 in Historical Table 3.2--Outlays by Function and Subfunction.

Medicare/Social Security 2022 Trustee Reports Released

On June 2, 2022, the Center for Medicare Services released its annual Medicare Trustees Report, which projects Medicare spending out to 2095.  As in the past, the report shows that federal health-care programs will eat the budget.

In this report the Trustees forecast that Medicare will top out at a little above 6 percent of GDP in the 2080s.

On June 4, 2022, usgovernmentspending.com updated its chart of the Medicare Outlook here based on data in the 2022 Medicare Trustees Report.  You can download the data and also view selected Medicare Trustee forecasts going back to 2005.

On June 2, 2022, the Social Security Administration released its annual OASDI Trustees Report, which projects Social Security spending out to 2095.  As in the past, the report shows that Social Security spending will max out at about 6 percent of GDP. UsGovernmentspending.com uses the Supplemental Single Year Tables.

On June 4, 2022, usgovernmentspending.com updated its chart of the Social Security Outlook here based on data in the 2022 OASDI Trustees Report.  You can download the data and also view selected OASDI Trustee forecasts going back to 1997.

CBO Long Term Budget Outlook for 2022

In May 2022 the Congressional Budget Office released its annual Long Term Budget Outlook for 2022, which projects federal spending and revenue out to 2052.  As before, the CBO study shows that federal health-care programs and interest costs will eat the budget, with federal spending exceeding 25 percent GDP by the mid 2030s while federal revenue stays below 19 percent GDP.

UsGovernmentspending.com has updated its chart of the CBO Long Term Budget Outlook here.  You can download the data and also view CBO Long Term Budget Outlooks going back to 1999.

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.

Agency Debt Update for 2021

On March 27, 2022, usgovernmentspending.com updated its data for agency debt from the Federal Reserve Board database. Data is now available for the period 1945-2021. You can see our Agency Debt page here, and a comparison with the official "on-the-books" debt here.

For the period 2022 to 2027 usgovernmentspending.com has "guesstimated" the agency debt, assuming that it increases at the same rate as it did in 2020 to 2021.

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.

Medicaid Update for FY 2020

On December 16, 2021, the Centers for Medicare and Medicaid Services (CMS) published its annual report on National Health Expenditures and its NHE Tables includes data on Medicaid from 1966 to 2020. On December 17, 2021, usgovernmentspending.com updated its Medicaid data.

Item	2020 Estimate	2020 Actual
Federal Medicaid	$458.5 bn	$458.5 bn
State Medicaid (net)	$228.5 bn	$212.7 bn
Total Medicaid	$687.0 bn	$671.2 bn

The federal Medicaid number comes from the Federal Budget Subfunction 558: Grants to states for Medicaid. The state contribution comes from the NHE Tables.

usgovernmentspending.com publishes "guesstimates" of state and local spending from the latest year published by the Census Bureau (currently FY 2019) to the last year in the Historical Tables of the federal budget (for the FY 2022 budget that is 2026). So we have developed "guesstimates" of Medicaid spending going out to 2026, assuming that the overall Medicaid spending increases at the same rate as the federal "Grants to States for Medicaid" increases.

National Health Expenditure data is updated each year in mid December.

Federal Deficit, Receipts, Outlays Actuals for FY21

On October 22, 2021, the US Treasury reported in its Monthly Treasury Statement (and xlsx) for September that the federal deficit for FY 2021 ending September 30, 2021, was $2,772 billion. Here are the numbers, including total receipts, total outlays, and deficit compared with the numbers projected in the FY 2022 federal budget published in February 2021:

Federal Finances FY 2021 Outcomes
	Budget billions	Outcome billions
Receipts	$3,580	$4,046
Outlays	$7,250	$6,818
Deficit	$3,669	$2,772

usgovernmentspending.com now shows the new numbers for total FY 2021 total outlays and receipts on its Estimate vs. Actual page.

The Monthly Treasury Statement includes "Table 4: Receipts of the United States Government, September 2020 and Other Periods." This table of receipts by source is used for usgovernmentspending.com to post details of federal receipt actuals for FY 2021.

This MTS report on FY 2021 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 2021 and Other Periods". Subfunction amounts don't get reported until the FY23 budget in February 2022. Until then usgovernmentspending.com estimates actual outlays by "subfunction" for FY 2021 by factoring subfunction budgeted amounts for FY21 by the ratio between relevant actual and budgeted "function" amounts where actual outlays by subfunction cannot be gleaned from the Monthly Treasury Statement.

On top of that, the unbudgeted spending to fight the COVID-19 virus is tucked into various places where you'd least expect it. We have tried to unearth these monies in the MTS and translate them into subfunction amounts.

Final detailed FY 2021 actuals will not appear on usgovernmentspending.com until the FY 2023 federal budget is published in February 2022 with the actual outlays for FY 2021 in Historical Table 3.2--Outlays by Function and Subfunction.

Medicare/Social Security 2021 Trustee Reports Released

On August 31, 2021, the Center for Medicare Services released its annual Medicare Trustees Report, which projects Medicare spending out to 2095.  As in the past, the report shows that federal health-care programs will eat the budget.

In this report the Trustees forecast that Medicare will top out at a little above 6 percent of GDP in the 2080s.

On September 1, 2021, usgovernmentspending.com updated its chart of the Medicare Outlook here based on data in the 2021 Medicare Trustees Report.  You can download the data and also view selected Medicare Trustee forecasts going back to 2005.

On August 31, 2021, the Social Security Administration released its annual OASDI Trustees Report, which projects Social Security spending out to 2095.  As in the past, the report shows that Social Security spending will max out at about 6 percent of GDP. UsGovernmentspending.com uses the Supplemental Single Year Tables.

On Septembet 1, 2021, usgovernmentspending.com updated its chart of the Social Security Outlook here based on data in the 2021 OASDI Trustees Report.  You can download the data and also view selected OASDI Trustee forecasts going back to 1997.

Federal Budget for FY22 Released

On May 27, 2021, we updated usgovernmentspending.com with the numbers from the historical tables in the Budget of the United States Government for Fiscal Year 2022. Actual revenue for FY 2020 and estimated revenue through FY 2026 come from Historical Tables 2.1, 2.4, and 2.5. Actual spending for FY 2020 and estimated spending at the subfunction level through FY 2026 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 2021 budget a year ago in Winter 2020.

FY 2021 Federal Budget Changes Since 2020

$ billion	Estimate for 2021 in FY2021 Budget	Estimate for 2021 in FY2022 Budget	Change
Federal Outlays	$4,829.4	$4,789.8	+$44.2
Federal Receipts	$3,863.3	$3,706.3	+$61.5
Federal Deficit	$966.1	$1,083.4	-$17.4

Of course, the FY2021 Budget came out pre-COVID and the FY2022 is post-COVID.

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 2026 come from the Outlays table in the Public Budget Database and were updated on usgovernmentspending.com on May 27, 2021.

Account level budget authority estimates through FY 2026 come from the Budget Authority table in the Public Budget Database and were updated on usgovernmentspending.com on May 27, 2021.

CBO Long Term Budget Outlook for 2021

On March 4, 2021 the Congressional Budget Office released its annual Long Term Budget Outlook for 2020, which projects federal spending and revenue out to 2051.  As before, the CBO study shows that federal health-care programs and interest costs will eat the budget, with federal spending exceeding 25 percent GDP by the mid 2030s while federal revenue stays below 19 percent GDP.

UsGovernmentspending.com has updated its chart of the CBO Long Term Budget Outlook here.  You can download the data and also view CBO Long Term Budget Outlooks going back to 1999.