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United States Budget FY2024 vs FY2015

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” FY2024 vs FY2015

Total Outlays

FY2024

$6.75 trillion

FY2015

$3.69 trillion

FY2024 is 82.9% higher
Total Receipts

FY2024

$4.92 trillion

FY2015

$3.25 trillion

FY2024 is 51.4% higher
Deficit

FY2024

$1.83 trillion

FY2015

$442.0 billion

FY2024 is 314.2% higher
Deficit (% GDP)

FY2024

6.3%

FY2015

2.4%

FY2024 is 163.8% higher
Net Interest

FY2024

$879.9 billion

FY2015

$223.2 billion

FY2024 is 294.2% higher
Debt Held by Public

FY2024

$28.20 trillion

FY2015

$13.12 trillion

FY2024 is 115.0% higher

Receipts & Expenditure Comparison

ParticularsFY2024FY2015Difference
Total Receipts$4.92 trillion$3.25 trillion+51.4%
Total Outlays$6.75 trillion$3.69 trillion+82.9%
Deficit$1.83 trillion$442.0 billion+314.2%
Net Interest$879.9 billion$223.2 billion+294.2%
Debt Held by the Public$28.20 trillion$13.12 trillion+115.0%
Nominal GDP$28.95 trillion$18.16 trillion+59.4%
Deficit (% of GDP)6.33%2.4%โ€”
Debt-to-GDP Ratio97.40%72.2%โ€”

FY2024 โ€” Revenue Composition

FY2015 โ€” Revenue Composition

Category-wise Allocation โ€” FY2024 vs FY2015

CategoryFY2024FY2015Difference
1. Social Security
$1.45 trillion
$887.8 billion
+63.8%
2. All Other
$1.34 trillion
$426.7 billion
+214.6%
3. Medicare
$1.04 trillion
$546.2 billion
+91.1%
4. Net Interest
$879.9 billion
$223.2 billion
+294.2%
5. National Defense
$850.7 billion
$589.7 billion
+44.3%
6. Medicaid
$617.5 billion
$349.8 billion
+76.5%
7. Income Security
$370.2 billion
$508.8 billion
-27.2%
8. Veterans Benefits
$191.8 billion
$159.8 billion
+20.0%

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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