FY2025 federal spending
In fiscal year 2025 the US federal government took in $5.23T and spent $7.01T, leaving a deficit of $1.78T financed by borrowing.
That is 23.6% of GDP in spending and 17.6% of GDP in revenue, or $20,618/person spent and $15,396/person collected for every one of the roughly 340 million people in the country. The deficit works out to $5,222/person (6.0% of GDP).
Where the money came from
Receipts by source, from the Treasury Monthly Treasury Statement. Borrowing covers the remaining $1.78T of FY2025 spending.
| Revenue source | Receipts | Share of receipts |
|---|---|---|
| Individual income tax Taxes on wages, salaries, investments. | $2.66T | 50.7% |
| Payroll taxes Social Security, Medicare, unemployment insurance. | $1.75T | 33.4% |
| Corporate income tax Tax on corporate profits. | $452B | 8.6% |
| Customs duties Tariffs on imported goods. | $195B | 3.7% |
| Excise taxes Fuel, tobacco, alcohol, airline-ticket taxes. | $106B | 2.0% |
| Fed. Reserve & other Federal Reserve remittances, fees, fines, misc receipts. | $48B | 0.9% |
| Estate & gift tax Tax on large inheritances and gifts. | $29B | 0.6% |
Where the money went
Outlays are cash paid out during the year; obligations are commitments made during the year. Agency names link to a fuller breakdown by federal account. More on the difference.
| Agency | Outlays | Obligations | Share of outlays |
|---|---|---|---|
| Health & Human Services | $1.87T | $2.79T | 26.7% |
| Social Security Admin. | $1.64T | $1.74T | 23.4% |
| Treasury | $1.45T | $1.95T | 20.7% |
| Defense | $864B | $1.45T | 12.3% |
| Veterans Affairs | $374B | $412B | 5.3% |
| Agriculture | $226B | $277B | 3.2% |
| Fed. retirement (OPM) | $128B | $262B | 1.8% |
| Transportation | $127B | $170B | 1.8% |
| Homeland Security | $115B | $171B | 1.6% |
| Energy | $52B | $99B | 0.7% |
| Housing & Urban Dev. | $50B | $91B | 0.7% |
| Labor | $50B | $71B | 0.7% |
| Education | $35B | $180B | 0.5% |
| State | $28B | $44B | 0.4% |
Notes
- Revenue → agency flows are pro-rata: federal money is fungible.
- Agency outlays scaled by 99.4% so that they sum to total net outlays (negative offsetting receipts).
Every figure on this page is in US dollars. Read the data documentation for the underlying JSON, the units, and the known gaps.