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Bookmark or Share- Federal Spending | U.S. Treasury Fiscal DataGovernment spending is broken down into two primary categories: mandatory and discretionary. Mandatory spending represents nearly two-thirds of annual federal spending. This type of spending does not require an annual vote by Congress. The second major category is discretionary spending.
- National Deficit | U.S. Treasury Fiscal DataSince 2001, the federal government’s budget has run a deficit each year. Starting in 2016, increases in spending on Social Security, health care, and interest on federal debt have outpaced the growth of federal revenue. From FY 2019 to FY 2021, federal spending increased by about 50 percent in response to the COVID-19 pandemic.
- Government Revenue | U.S. Treasury Fiscal DataVisit our Spending and Deficit pages for more information on these activities. Sources of Federal Revenue Most of the revenue the U.S. government collects comes from contributions from individual taxpayers, small businesses, and corporations through taxes.
- Understanding the National Debt | U.S. Treasury Fiscal DataThe national debt is the amount of money the federal government has borrowed to cover the outstanding balance of expenses incurred over time. In a given fiscal year (FY), when spending (ex. money for roadways) exceeds revenue (ex. money from federal income tax), a budget deficit results.
- U.S. Treasury Fiscal DataWith historical and current data, Fiscal Data is your hub for fiscal data. Download datasets on topics such as debt, interest rates, and more.
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