Federal FinanceDashboard

Comprehensive overview of US federal government revenue, spending, debt, and major programs.

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FY 2024 Overview

FY 2024

Total Revenue

$4.9

Federal government income

FY 2024

Total Spending

$6.8

Federal government outlays

+37%

Budget Deficit

$1.8

Spending exceeded revenue

97% GDP

Total Federal Debt

$36.2

$84852.00T per person

13% of spending

Interest on Debt

$0.88

Annual debt service cost

Since 1980

Historical Growth

Revenue: 2.4x

Spending: 2.9x

Population: 1.5x

↑ Revenue Sources

Total: $4.9 | Growth since 1980: 2.4x

individual Income Taxes

$2.4 per year

49%
of total
payroll Taxes

$1.7 per year

35%
of total
corporate Income Taxes

$0.53 per year

11%
of total
other Sources

$0.27 per year

5%
of total

↓ Spending Categories

Total: $6.8 | Growth since 1980: 2.9x

social Security

$1.5 per year

22%
of total
defense And Veterans

$1.2 per year

18%
of total
state Local Transfers

$1.1 per year

17%
of total
medicare

$0.874 per year

13%
of total
net Interest

$0.88 per year

13%
of total
other Programs

$1.3 per year

17%
of total

Major Programs

Social Security

Total Spending

$1.5

Recipients

68.2

Avg. Monthly Benefit

$1,864

Medicare

Total Spending

$0.874

Enrollees

67.6

Avg. Cost per Person

$17,786

Medicaid & CHIP

Federal Spending

$0.638

Enrollees

99.0

Program Type

Combined federal-state

Revenue vs. Spending Trend (1980-2026)

Adjusted for inflation. Last budget surplus: 2001. Mandatory spending now represents 60% of the budget, up from 45% in 1980.

$9T$7T$5T$3T$1T
198019851990199520002005201020152020202420252026
Revenue
Spending
Deficit Area

Peak Revenue Year

2026

$5.33

Peak Spending Year

2020

$8.3

Current Deficit

$1.8

Down from $3T in 2020-21