How much did the U.S. federal government spend in a year?

Money hard Data from 2024

Guess before you scroll — the answer is below

In dollars. Thousands: 1.000 · Decimals: 1,5 · Millions: 9m.

The answer

$6,750,000,000,000

Roughly $6.8T.

Federal outlays were roughly $6.75 trillion in fiscal 2024, against about $4.9 trillion in revenue. Social Security, Medicare, Medicaid, defence and interest on the debt together account for most of it — interest alone now costs more than the entire defence budget did a decade ago.

How to get close to this number

Take a share of the economy. The country has an economy of around twenty-eight trillion dollars, and federal spending runs somewhere around a quarter of it. A quarter of twenty-eight trillion gives a figure in the high single-digit trillions, which is the right region.

The composition in the explanation is what matters more than the total: pensions, health programmes, defence and debt interest together account for most of it. Discretionary spending — everything a government actively decides each year — is a minority of the budget, which is why budget debates produce so little change.

The interest figure is the one that should alarm: debt service now costs more than the entire defence budget did a decade ago. Interest is the one line that grows without any policy decision, compounds automatically, and crowds out everything else — and it is the fastest-growing category in the budget.

Where this number comes from

Source U.S. Treasury, Monthly Treasury Statement
Figure refers to 2024
Last checked
Unit dollars

Numbers move. If this one has drifted from its source, let us know.

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