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United States Budget FY2019 vs FY2025

Spending, revenue and category allocations compared side by side.

Key Budget Metrics โ€” FY2019 vs FY2025

Total Outlays

FY2019

$4.45 trillion

FY2025

$7.01 trillion

FY2019 is 36.6% lower
Total Receipts

FY2019

$3.46 trillion

FY2025

$5.23 trillion

FY2019 is 33.8% lower
Deficit

FY2019

$983.6 billion

FY2025

$1.78 trillion

FY2019 is 44.6% lower
Deficit (% GDP)

FY2019

4.6%

FY2025

5.8%

FY2019 is 21.4% lower
Net Interest

FY2019

$375.2 billion

FY2025

$969.9 billion

FY2019 is 61.3% lower
Debt Held by Public

FY2019

$16.80 trillion

FY2025

$30.17 trillion

FY2019 is 44.3% lower

Receipts & Expenditure Comparison

ParticularsFY2019FY2025Difference
Total Receipts$3.46 trillion$5.23 trillion-33.8%
Total Outlays$4.45 trillion$7.01 trillion-36.6%
Deficit$983.6 billion$1.78 trillion-44.6%
Net Interest$375.2 billion$969.9 billion-61.3%
Debt Held by the Public$16.80 trillion$30.17 trillion-44.3%
Nominal GDP$21.28 trillion$30.36 trillion-29.9%
Deficit (% of GDP)4.6%5.85%โ€”
Debt-to-GDP Ratio79.0%99.38%โ€”

FY2019 โ€” Revenue Composition

FY2025 โ€” Revenue Composition

Category-wise Allocation โ€” FY2019 vs FY2025

CategoryFY2019FY2025Difference
1. Social Security
$1.04 trillion
$1.58 trillion
-33.7%
2. Medicare
$651.0 billion
$1.18 trillion
-44.8%
3. All Other
$566.6 billion
$1.08 trillion
-47.3%
4. Net Interest
$375.2 billion
$969.9 billion
-61.3%
5. National Defense
$685.7 billion
$892.5 billion
-23.2%
6. Medicaid
$409.4 billion
$668.1 billion
-38.7%
7. Income Security
$514.8 billion
$397.4 billion
+29.5%
8. Veterans Benefits
$199.8 billion
$251.3 billion
-20.5%

Compare Another Fiscal Year

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.

Explore more budget data

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