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What are the Federal Budget Actuals for FY 2025?

From US Treasury Monthly Report for September 2025.

Total Federal Outlays: $7.27 trillion

Total Federal Receipts: $5.23 trillion

Federal Deficit: $2,031 billion

Total Federal Debt: $37.64 trillion

Details of Budgeted vs. Actual Outlays for FY 2025

Budget of the United States Government

Definition: Every year in February the President of the United States is required to send to Congress a budget request for the fiscal year that begins the following October.

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FY26 Federal Budget   also: Spending Budget  

Recent and budgeted headline federal budget numbers in the FY26 Budget including overall revenue, deficit, and debt.

$ trillion nom
202420252026202720282029
  Revenue4.95.55.96.26.56.8 
  Federal Deficit1.81.81.51.51.61.5 
  Other Borrowing0.40.10.40.20.10.2 
  Gross Federal Debt35.237.139.040.842.544.2 
source: actual budgeted estimated

Click for Budget Detail

FY26 Federal Budget: Revenue by Type

Recent and budgeted federal revenue in the FY26 Budget
for major federal revenue types.

$ trillion nom
202420252026
  Income Taxes3.03.33.7 
  Social Insurance Taxes1.71.91.9 
  Ad valorem Taxes0.30.20.2 
  Fees and Charges0.00.00.0 
source: actual budgeted

Click for Budget Detail

Notes

Data Sources: Federal Revenue from Budget of the United States Government.

For a discussion of the sources of the government revenue data used here read How We Got the Data for usgovernmentspending.com.

Budget Updates: The president’s budget is typically published each year in February.

Other budgets:
FY86 FY87 FY88 FY89 FY90 FY91 FY92 FY93 FY94 FY95 FY96 FY97 FY98 FY99 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26

Federal Budget in History

in dollars

in percent GDP

1863 - Gross federal debt exceeded $1 billion for first time.

1865 - Federal spending exceeded $1 billion for first time.

1914 - Federal spending exceeded $1 billion for second time.

1918 - Gross federal debt exceeded $10 billion for first time.

1921 - Bureau of the Budget established by Budget and Accounting Act.

1943 - Gross federal debt exceeded $100 billion for first time.

1970 - Office of Management and Budget created.

1982 - Gross federal debt exceeded $1 trillion for first time.

1987 - Federal spending exceeded $1 trillion for first time.

2009 - Gross federal debt exceeded $10 trillion for first time.

1792 - Federal debt at 35 percent GDP.

1795 - Federal spending at two percent GDP.

1854 - Federal debt at one percent GDP.

1865 - Federal spending at 13 percent GDP at height of Civil War.

1867 - Federal debt at 32 percent GDP after Civil War.

1907 - Federal spending at 2.2 percent GDP.

1913 - Federal debt at 7.5 percent GDP.

1919 - Federal spending at 24 percent GDP at height of World War I.

1919 - Federal debt at 35 percent GDP after World War I.

1929 - Federal spending at 3.7 percent GDP.

1929 - Federal debt at 16 percent GDP.

1945 - Federal spending at 48 percent GDP at height of World War II.

1946 - Federal debt at 122 percent GDP after World War II.

1951 - Federal spending at 14.4 percent GDP.

1981 - Federal debt at 32 percent GDP.

1982 - Federal spending at 23 percent GDP.

1995 - Federal debt at 66 percent GDP.

2000 - Federal spending at 18 percent GDP.

2009 - Federal spending at 24 percent GDP.

2011 - Federal debt at 97 percent GDP.

Federal Budget Process

This Budget of the United States Government starts the annual “budget process” that ends when Congress passes and the president signs the annual appropriations bills or continuing resolutions to fund the federal government for another fiscal year.

On this page you can see headline numbers for budgeted revenue (or “receipts”), deficits, and also for major revenue types. Click here for details of receipts by function for the next five years.

Source: Budget of the United States Government.

Suggested Video: Taxes 101

Top Revenue Requests:

Find DEFICIT stats and history.

US BUDGET overview and pie chart.

Find NATIONAL DEBT today.

DOWNLOAD revenue data.

See FEDERAL BUDGET breakdown and estimated vs. actual.

Check INCOME TAX details and history.

See BAR CHARTS of revenue.

Check STATE revenue: CA NY TX FL and compare.

See REVENUE ANALYSIS briefing.

See REVENUE HISTORY briefing.

Take a COURSE at Taxes 101.

Make your own CUSTOM CHART.

Revenue Data Sources

Revenue data is from official government sources.

Gross Domestic Product data comes from US Bureau of Economic Analysis and measuringworth.com.

Detailed table of revenue data sources here.

Federal revenue data begins in 1792.

State and local revenue data begins in 1820.

State and local revenue data for individual states begins in 1957.

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Data Sources for 2023_2030:

Sources for 2023:

GDP, GO: GDP, GO Sources
Federal: Fed. Budget: Hist. Tables 2.1, 2.4, 2.5, 7.1
State and Local: State and Local Gov. Finances
'Guesstimated' by projecting the latest change in reported revenue forward to future years

Sources for 2030:

GDP, GO: GDP, GO Sources
Federal: Fed. Budget: Hist. Tables 2.1, 2.4, 2.5, 7.1
State and Local: State and Local Gov. Finances
'Guesstimated' by projecting the latest change in reported revenue forward to future years

> data sources for other years
> data update schedule.

Blog

CBO Long Term Budget Outlook for 2025

On March 27, 2025 the Congressional Budget Office released its annual Long Term Budget Outlook for 2025, which projects federal spending and revenue out to 2055.  As before, the data for 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 2040s while federal revenue stays a little over 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.

State FY25 Taxes Update
On November 22, 2025 usgovernmentspending.com updated FY2025 state revenue with quarterly tax data released by the US Ce ...

Gross State Product for 2024
The US Bureau of Economic Analysis (BEA) released its Gross State Product (GSP) data for 2024 on March 29, 2025.Usgovernmen ...

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