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United States Budget FY2019 vs FY2012

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” FY2019 vs FY2012

Total Outlays

FY2019

$4.45 trillion

FY2012

$3.53 trillion

FY2019 is 26.1% higher
Total Receipts

FY2019

$3.46 trillion

FY2012

$2.45 trillion

FY2019 is 41.4% higher
Deficit

FY2019

$983.6 billion

FY2012

$1.08 trillion

FY2019 is 8.6% lower
Deficit (% GDP)

FY2019

4.6%

FY2012

6.7%

FY2019 is 31.3% lower
Net Interest

FY2019

$375.2 billion

FY2012

$220.4 billion

FY2019 is 70.2% higher
Debt Held by Public

FY2019

$16.80 trillion

FY2012

$11.28 trillion

FY2019 is 48.9% higher

Receipts & Expenditure Comparison

ParticularsFY2019FY2012Difference
Total Receipts$3.46 trillion$2.45 trillion+41.4%
Total Outlays$4.45 trillion$3.53 trillion+26.1%
Deficit$983.6 billion$1.08 trillion-8.6%
Net Interest$375.2 billion$220.4 billion+70.2%
Debt Held by the Public$16.80 trillion$11.28 trillion+48.9%
Nominal GDP$21.28 trillion$16.11 trillion+32.1%
Deficit (% of GDP)4.6%6.7%โ€”
Debt-to-GDP Ratio79.0%70.0%โ€”

FY2019 โ€” Revenue Composition

FY2012 โ€” Revenue Composition

Category-wise Allocation โ€” FY2019 vs FY2012

CategoryFY2019FY2012Difference
1. Social Security
$1.04 trillion
$773.3 billion
+35.1%
2. National Defense
$685.7 billion
$677.9 billion
+1.2%
3. Medicare
$651.0 billion
$471.8 billion
+38.0%
4. All Other
$566.6 billion
$466.8 billion
+21.4%
5. Income Security
$514.8 billion
$541.2 billion
-4.9%
6. Medicaid
$409.4 billion
$250.5 billion
+63.4%
7. Net Interest
$375.2 billion
$220.4 billion
+70.2%
8. Veterans Benefits
$199.8 billion
$124.7 billion
+60.2%

Compare Another Fiscal Year

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019

Understanding This Comparison

Federal figures are compared on outlays and receipts as reported by the Treasury and the Congressional Budget Office. The deficit is the gap between them; net interest is the cost of servicing past borrowing, and it buys no current services.

The federal fiscal year runs October to September and is named for the year it ends in, so FY2026 covers October 2025 through September 2026.

Definitions for every term used here are in the US budget glossary. To compare across countries, see India budget comparisons.

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