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United States Budget FY2025 vs FY2020

Spending, revenue and category allocations compared side by side.

Key Budget Metrics โ€” FY2025 vs FY2020

Total Outlays

FY2025

$7.01 trillion

FY2020

$6.55 trillion

FY2025 is 7.0% higher
Total Receipts

FY2025

$5.23 trillion

FY2020

$3.42 trillion

FY2025 is 53.0% higher
Deficit

FY2025

$1.78 trillion

FY2020

$3.13 trillion

FY2025 is 43.3% lower
Deficit (% GDP)

FY2025

5.8%

FY2020

14.7%

FY2025 is 60.2% lower
Net Interest

FY2025

$969.9 billion

FY2020

$345.5 billion

FY2025 is 180.7% higher
Debt Held by Public

FY2025

$30.17 trillion

FY2020

$21.02 trillion

FY2025 is 43.6% higher

Receipts & Expenditure Comparison

ParticularsFY2025FY2020Difference
Total Receipts$5.23 trillion$3.42 trillion+53.0%
Total Outlays$7.01 trillion$6.55 trillion+7.0%
Deficit$1.78 trillion$3.13 trillion-43.3%
Net Interest$969.9 billion$345.5 billion+180.7%
Debt Held by the Public$30.17 trillion$21.02 trillion+43.6%
Nominal GDP$30.36 trillion$21.29 trillion+42.6%
Deficit (% of GDP)5.85%14.7%โ€”
Debt-to-GDP Ratio99.38%98.7%โ€”

FY2025 โ€” Revenue Composition

FY2020 โ€” Revenue Composition

Category-wise Allocation โ€” FY2025 vs FY2020

CategoryFY2025FY2020Difference
1. All Other
$1.08 trillion
$1.67 trillion
-35.6%
2. Social Security
$1.58 trillion
$1.10 trillion
+43.8%
3. Income Security
$397.4 billion
$1.26 trillion
-68.5%
4. Medicare
$1.18 trillion
$776.2 billion
+52.0%
5. Net Interest
$969.9 billion
$345.5 billion
+180.7%
6. National Defense
$892.5 billion
$724.6 billion
+23.2%
7. Medicaid
$668.1 billion
$458.5 billion
+45.7%
8. Veterans Benefits
$251.3 billion
$218.7 billion
+14.9%

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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