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Revenue Analyses:
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Federal Budget:
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A comparison of federal receipts for FY 2025 estimated in various federal budgets against the actual receipts in FY 2025.
Federal Revenue Estimates vs. Actual Federal Revenue
for Fiscal Year 2025
| Units: By default, values are displayed in billions of dollars. By using a dropdown control in the table heading you can select millions of dollars, percent of GDP, percent of federal total, percent of overall total, dollars per capita of population, and thousand dollars per capita of population. Fiscal Year: The default year displayed is the current US government fiscal year. But you can select any year you want using the dropdown control in the table heading. At the top and bottom of the dropdown only years ending in “0” are shown. Select a year to get close, then select the year you want. You can increase or decrease the year using the “yr” text links in the table heading. | ||
| US Federal Government Receipts Budgeted vs. Actual | ||
| -5yr -1yr Fiscal Year 2025 in $ billion +1yr +4yr | ||
| Estimates for FY 2025 Federal Receipts in US Budgets | |||||||||||
| Estimate in FY21 Budget | Estimate in FY22 Budget | Estimate in FY23 Budget | Estimate in FY24 Budget | Estimate in FY25 Budget | Estimate in FY26 Budget | Actual 2025 | |||||
| [+] | Income Taxes | 2,953.3 | 3,108.3 | 3,182.3 | 3,350.3 | 3,347.3 | 3,347.3 | 3,347.3 | 
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| [+] | Social Insurance Taxes | 1,687.3 | 1,646.4 | 1,650.9 | 1,820.6 | 1,896.8 | 1,896.8 | 1,896.8 |
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| [+] | Ad valorem Taxes | 219.4 | 206.6 | 208.7 | 234.1 | 240.8 | 240.8 | 240.8 |
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| [+] Charts: Click on a to display a bar of data in a row or column of this table.Click on  to display a time-series chart of data in a row.[+] Drill-down: Click on the [+] to drill down to more detailed numbers. | Fees and Charges | ||||||||||
| [+] | Business and Other Revenue | 64.3 | 76.6 | 34.4 | 14.4 | 0.0 | 0.0 | 0.0 |
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| [+] | Balance | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
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| [+] | Total Direct Revenue | 4,924.3 | 5,037.9 | 5,076.3 | 5,419.5 | 5,485.0 | 5,485.0 | 5,485.0 |
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| [+] | Federal Deficit | 526.5 | 1,469.8 | 1,329.7 | 1,671.5 | 1,781.0 | 1,781.0 | 1,781.0 |
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| [+] | Gross Public Debt | 28,506.4 | 37,189.3 | 35,368.2 | 36,821.0 | 37,096.5 | 37,096.5 | 37,096.4 | | ||
| Revenue: Pie Chart: Click on a pie icon to display a pie chart. You can create a pie chart for federal, state and local, and overall revenue. Data Sources for 2025: | Switch to budget | ||||||||||
Revenue Definitions
Income Taxes: Individual and corporate income taxes.
Social Insurance Taxes: FICA taxes, unemployment, disability taxes.
Ad valorem Taxes: Sales, excise and property taxes, licenses.
Fees and Charges: Fees for government services other than taxes.
Business and Other Revenue: Revenue from government businesses such as liquor stores and utilities.
Total Direct Revenue: Total Revenue raised by federal, state, or local government. Does not include intergovernmental revenue such as federal grants.
Notes
Starting with the 1986 budget, the Office of Management and Budget provides six years of estimated receipts for each revenue source extending from the fiscal year in which the federal budget is published to five years into the future. For instance, the 1986 budget historical tables included estimates for FY85, FY86, FY87, FY88, FY89, and FY90. Starting with FY90, OMB will have made six estimates of revenue for each year before the actual receipts for a fiscal year are reported.
The table shows overall budgeted federal revenues for the specified fiscal year, as estimated in the historical tables in several presidential budgets. You can compare these estimates with the actual revenue for the fiscal year as reported in the budget historical tables after the specified fiscal year is over.
If the “actual” year shows many values as budgeted, it is because the details of actual receipts for the latest year have not yet been released.
You can change the year or drill down to view more detailed revenue information.
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.
Download Estimated vs. Actual Budget Data for 2025
Tab-delimited Table
Here is the budget table with columns tab-delimited. You can cut and paste directly into a spreadsheet:
You can copy all the text in the textbox by clicking your cursor in the box. Then press Ctrl-A and Ctrl-C and paste the text into your spreadsheet.
Suggested Video: All About Income Tax
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Revenue Data Sources
Revenue data is from official government sources.
- Federal revenue data since 1962 comes from the president’s budget.
- All other revenue data comes from the US Census Bureau.
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 2025:
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
Federal Deficit, Receipts, Outlays Actuals for FY 2025
On October 16, 2025, the US Treasury reported in its Monthly Treasury Statement (and xlsx) for September that the federal deficit for FY 2025 ending September 30, 2025, was $1,775 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 2025 Outcomes | |||
|---|---|---|---|
| Budget billions | Outcome billions | ||
| Receipts | $5,485 | $5,235 | |
| Outlays | $7,226 | $7,010 | |
| Deficit | $1,781 | $1,775 | |
We use the spending projections from the FY 2025 budget because the Federal government did not publish spending projections in its Budget for Fiscal Year 2026 as originally published in May 2025.
The Monthly Treasury Statement includes "Table 4: Receipts of the United States Government, September 2025 and Other Periods." This table of receipts by source is used for usgovernmentspending.com to post details of federal receipt actuals for FY 2025. usdgovernmentspending.com obtains the data for outlays and receipts from apis at fiscaldata.treasury.gov.
This MTS report on FY 2025 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 2025 and Other Periods". Subfunction amounts don't get reported until the FY27 budget in February 2026. Until then usgovernmentspending.com estimates actual outlays by "subfunction" for FY 2025 by factoring subfunction budgeted amounts for FY25 by the ratio between relevant actual and budgeted "function" amounts where actual outlays by subfunction cannot be gleaned from the Monthly Treasury Statement.
On September 11, 2025 we updated the state and local spending and revenue for FY 2023 using the new Census Bureau ...
In March 2025 the US Census Bureau released data on state finances for FY 2023 here and ...
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presented by Christopher Chantrill