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United States Budget FY2020 vs FY2015

Spending, revenue and category allocations compared side by side.

Key Budget Metrics โ€” FY2020 vs FY2015

Total Outlays

FY2020

$6.55 trillion

FY2015

$3.69 trillion

FY2020 is 77.5% higher
Total Receipts

FY2020

$3.42 trillion

FY2015

$3.25 trillion

FY2020 is 5.3% higher
Deficit

FY2020

$3.13 trillion

FY2015

$442.0 billion

FY2020 is 608.7% higher
Deficit (% GDP)

FY2020

14.7%

FY2015

2.4%

FY2020 is 512.5% higher
Net Interest

FY2020

$345.5 billion

FY2015

$223.2 billion

FY2020 is 54.8% higher
Debt Held by Public

FY2020

$21.02 trillion

FY2015

$13.12 trillion

FY2020 is 60.2% higher

Receipts & Expenditure Comparison

ParticularsFY2020FY2015Difference
Total Receipts$3.42 trillion$3.25 trillion+5.3%
Total Outlays$6.55 trillion$3.69 trillion+77.5%
Deficit$3.13 trillion$442.0 billion+608.7%
Net Interest$345.5 billion$223.2 billion+54.8%
Debt Held by the Public$21.02 trillion$13.12 trillion+60.2%
Nominal GDP$21.29 trillion$18.16 trillion+17.2%
Deficit (% of GDP)14.7%2.4%โ€”
Debt-to-GDP Ratio98.7%72.2%โ€”

FY2020 โ€” Revenue Composition

FY2015 โ€” Revenue Composition

Category-wise Allocation โ€” FY2020 vs FY2015

CategoryFY2020FY2015Difference
1. All Other
$1.67 trillion
$426.7 billion
+291.6%
2. Income Security
$1.26 trillion
$508.8 billion
+148.3%
3. Social Security
$1.10 trillion
$887.8 billion
+23.4%
4. Medicare
$776.2 billion
$546.2 billion
+42.1%
5. National Defense
$724.6 billion
$589.7 billion
+22.9%
6. Medicaid
$458.5 billion
$349.8 billion
+31.1%
7. Net Interest
$345.5 billion
$223.2 billion
+54.8%
8. Veterans Benefits
$218.7 billion
$159.8 billion
+36.9%

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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