US federal budgetOctober 2023 to September 2024
Federal spending in 2024
The federal government spent $6.75 trillion in FY2024 and took in $4.92 trillion, so it borrowed 27¢ of every dollar it spent.In fiscal year 2024 (October 2023 to September 2024) the federal government spent $6.75 trillion and took in $4.92 trillion, leaving a deficit of $1.83 trillion.
Spending by function
Where each dollar went in FY2024
Cents per dollar of gross function outlays. Hover or tap a block for the amount.
All functions as a table
| Function | Outlays | Share |
|---|---|---|
| Social Security | $1.46 trillion | 21.2% |
| Health | $911.7 billion | 13.2% |
| Net Interest | $881.7 billion | 12.8% |
| Medicare | $874.1 billion | 12.7% |
| National Defense | $874.0 billion | 12.7% |
| Income Security | $671.1 billion | 9.7% |
| Veterans Benefits and Services | $325.4 billion | 4.7% |
| Education, Training, Employment, and Social Services | $305.0 billion | 4.4% |
| Transportation | $137.1 billion | 2.0% |
| Community and Regional Development | $87.8 billion | 1.3% |
| Administration of Justice | $85.0 billion | 1.2% |
| International Affairs | $72.0 billion | 1.0% |
| Natural Resources and Environment | $56.9 billion | 0.8% |
| General Science, Space, and Technology | $41.6 billion | 0.6% |
| Commerce and Housing Credit | $35.6 billion | 0.5% |
| Agriculture | $34.7 billion | 0.5% |
| General Government | $29.9 billion | 0.4% |
| Energy | $13.8 billion | 0.2% |
| Undistributed Offsetting Receipts | -$146.7 billion | – |
Shares are of the positive function lines. Negative lines are receipts netted against spending (for example, agencies' receipts from employee retirement contributions and offshore oil leases).
Outlays were up 10.1% on FY2023 ($6.13 trillion). The largest function was Social Security ($1.46 trillion, 21.2% of gross function spending), followed by Health (13.2%), Net Interest (12.8%), Medicare (12.7%). Individual income taxes brought in $2.43 trillion, 49.3% of all receipts.
Where the money came from
| Source | Receipts | Share |
|---|---|---|
| Individual Income Taxes | $2.43 trillion | 49.3% |
| Employment and General Retirement | $1.65 trillion | 33.6% |
| Corporation Income Taxes | $529.9 billion | 10.8% |
| Excise Taxes | $101.4 billion | 2.1% |
| Customs Duties | $77.0 billion | 1.6% |
| Unemployment Insurance | $48.6 billion | 1.0% |
| Miscellaneous Receipts | $43.2 billion | 0.9% |
| Estate and Gift Taxes | $31.6 billion | 0.6% |
| Other Retirement | $8.0 billion | 0.2% |
Federal awards by state, FY2024
Contracts, grants, loans and direct payments by place of performance, from USAspending.gov, excluding Medicare. Select a column heading to sort.
| State | Awards | Per resident |
|---|---|---|
| California | $406.3B | $10,322 |
| Texas | $264.2B | $8,437 |
| New York | $238.8B | $11,937 |
| Florida | $220.7B | $9,487 |
| Virginia | $187.0B | $21,201 |
| Pennsylvania | $155.9B | $11,947 |
| Illinois | $119.5B | $9,408 |
| Maryland | $113.3B | $18,137 |
| Ohio | $113.1B | $9,540 |
| North Carolina | $107.2B | $9,695 |
| Michigan | $104.4B | $10,333 |
| Georgia | $93.4B | $8,338 |
| Massachusetts | $93.2B | $13,055 |
| Arizona | $87.9B | $11,632 |
| New Jersey | $84.9B | $8,927 |
| Washington | $83.9B | $10,581 |
| Missouri | $74.8B | $11,984 |
| Tennessee | $72.7B | $10,028 |
| Indiana | $67.0B | $9,660 |
| Alabama | $64.0B | $12,391 |
| Kentucky | $62.4B | $13,609 |
| Wisconsin | $61.9B | $10,384 |
| Colorado | $61.7B | $10,311 |
| District of Columbia | $61.2B | $88,532 |
| South Carolina | $59.5B | $10,829 |
| Minnesota | $54.8B | $9,460 |
| Connecticut | $53.9B | $14,679 |
| Louisiana | $53.7B | $11,634 |
| Oregon | $49.3B | $11,550 |
| Oklahoma | $46.0B | $11,216 |
| New Mexico | $39.5B | $18,558 |
| Mississippi | $36.9B | $12,502 |
| Puerto Rico | $32.6B | $10,194 |
| Iowa | $32.2B | $9,980 |
| Arkansas | $31.3B | $10,122 |
| Nevada | $30.7B | $9,428 |
| Utah | $29.5B | $8,420 |
| Kansas | $27.7B | $9,352 |
| West Virginia | $23.9B | $13,514 |
| Hawaii | $21.5B | $15,006 |
| Idaho | $20.7B | $10,331 |
| Maine | $20.3B | $14,442 |
| Nebraska | $18.9B | $9,403 |
| Alaska | $16.7B | $22,612 |
| New Hampshire | $16.2B | $11,502 |
| Montana | $14.5B | $12,739 |
| Rhode Island | $13.2B | $11,905 |
| Delaware | $11.2B | $10,656 |
| South Dakota | $10.9B | $11,756 |
| North Dakota | $8.7B | $10,968 |
| Vermont | $8.7B | $13,449 |
| U.S. Virgin Islands | $7.0B | – |
| Wyoming | $6.5B | $11,147 |
| Guam | $4.0B | – |
| Northern Mariana Islands | $700.9M | – |
| American Samoa | $500.6M | – |
Foreign aid in FY2024
US agencies obligated $85.8 billion in foreign assistance in FY2024, of which USAID managed $35.4 billion.
See how your own federal tax splits across this spending
Questions and answers
- How much did the federal government spend in 2024?
- $6.75 trillion in fiscal year 2024 (October 2023 to September 2024), according to the Monthly Treasury Statement.
- What was the biggest federal expense in 2024?
- Social Security: $1.46 trillion.
- What was the federal deficit in 2024?
- Receipts were $4.92 trillion and outlays $6.75 trillion, so the deficit was $1.83 trillion.
Sources and notes
- U.S. Department of the Treasury, Monthly Treasury Statement, Table 9, fiscal year to date as of 2024-09-30 (Fiscal Data API). Public domain.
- State figures: USAspending.gov, retrieved 2026-10-04.