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The federal government spends money on a variety of goods, programs, and services that support the economy and people of the United States. The federal government also spends money on the interest it has incurred on outstanding federal debt.Consequently, as the debt grows, the spending on interest expense also generally grows.
A budget deficit occurs when money going out (spending) exceeds money coming in (revenue) during a defined period.In FY. 0, the federal government spent $ trillion and collected $ trillion in revenue, resulting in a deficit.. The amount by which spending exceeds revenue, $ trillion in 0, is referred to as deficit spending.The opposite of a budget deficit is a budget surplus, which occurs when ...
Your Guide to America’s Finances makes federal financial information open and accessible to all. Explore U.S. revenue, spending, deficit, and debt with this open-source guide to federal finance data.
With historical and current data, Fiscal Data is your hub for fiscal data. Download datasets on topics such as debt, interest rates, and more.
The 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. To pay for this deficit, the federal government borrows money by selling marketable securities such as ...
Where does federal revenue come from? If you lived or worked in the United States in . 0, your tax contributions are likely part of the $ collected in revenue.. The federal government also collects revenue from services like admission to national parks and customs duties on foreign imports and exports.
The Monthly Treasury Statement (MTS) dataset provides information on the flow of money into and out of the U.S. Department of the Treasury. It includes how deficits are funded, such as borrowing from the public or reducing operating cash, and how surpluses are distributed.
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The Financial Report of the U.S. Government presents the federal government’s financial position and condition, including its financial activity and results, for each fiscal year.
Average interest rates are calculated based on the total unmatured interest-bearing debt. The average interest rates for total marketable, total non-marketable, and total interest-bearing debt do not include Treasury Inflation-Protected Securities (TIPS) or Treasury Floating Rate Notes (FRNs).