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United States Budget FY2026 vs FY2002

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” FY2026 vs FY2002

Total Outlays

FY2026

$7.45 trillion

FY2002

$2.01 trillion

FY2026 is 270.4% higher
Total Receipts

FY2026

$5.60 trillion

FY2002

$1.85 trillion

FY2026 is 201.9% higher
Deficit

FY2026

$1.85 trillion

FY2002

$157.8 billion

FY2026 is 1074.1% higher
Deficit (% GDP)

FY2026

5.8%

FY2002

1.5%

FY2026 is 287.3% higher
Net Interest

FY2026

$1.04 trillion

FY2002

$170.9 billion

FY2026 is 507.9% higher
Debt Held by Public

FY2026

$32.10 trillion

FY2002

$3.54 trillion

FY2026 is 806.5% higher

Receipts & Expenditure Comparison

ParticularsFY2026FY2002Difference
Total Receipts$5.60 trillion$1.85 trillion+201.9%
Total Outlays$7.45 trillion$2.01 trillion+270.4%
Deficit$1.85 trillion$157.8 billion+1074.1%
Net Interest$1.04 trillion$170.9 billion+507.9%
Debt Held by the Public$32.10 trillion$3.54 trillion+806.5%
Nominal GDP$31.90 trillion$10.83 trillion+194.6%
Deficit (% of GDP)5.81%1.5%โ€”
Debt-to-GDP Ratio100.61%32.7%โ€”

FY2026 โ€” Revenue Composition

FY2002 โ€” Revenue Composition

Category-wise Allocation โ€” FY2026 vs FY2002

CategoryFY2026FY2002Difference
1. Social Security
$1.67 trillion
$456.0 billion
+265.3%
2. Medicare
$1.29 trillion
$230.9 billion
+457.3%
3. All Other
$1.17 trillion
$293.7 billion
+299.9%
4. Net Interest
$1.04 trillion
$170.9 billion
+507.9%
5. National Defense
$884.5 billion
$348.5 billion
+153.8%
6. Medicaid
$707.9 billion
$147.5 billion
+379.9%
7. Income Security
$389.1 billion
$312.7 billion
+24.4%
8. Veterans Benefits
$300.7 billion
$51.0 billion
+489.7%

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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