Federal budget & debt · FYFSD
Federal budget deficit
As of FY 2025, the federal budget balance stood at -$1.77T, a change of +$0.04T from the year before.
Source: U.S. Office of Management and Budget via FRED®. Annual data, not seasonally adjusted. Latest observation FY 2025; snapshot taken Oct 26, 2026, 6:40 PM EDT.
Latest (FY 2025)
-$1.77T
Change from FY 2024
+$0.04T
A year earlier
-$1.82T
12-month change
+2.2%
-$1.77T FY 2025 · Millions of dollars
Millions of dollars. Data from FY 1901 to FY 2025 (125 observations).
What it measures
This is the federal budget balance for each fiscal year, which runs from October through September. A negative number is a deficit: the government spent more than it collected.
- Official title
- Federal Surplus or Deficit [-]
- Units
- Millions of dollars
- Frequency and adjustment
- Annual, not seasonally adjusted
- Original source
- U.S. Office of Management and Budget
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| Date | Value | Change |
|---|---|---|
| FY 2025 | -$1.77T | +$0.04T |
| FY 2024 | -$1.82T | -$0.13T |
| FY 2023 | -$1.69T | -$0.31T |
| FY 2022 | -$1.37T | +$1.40T |
| FY 2021 | -$2.77T | +$0.32T |
| FY 2020 | -$3.10T | -$2.11T |
| FY 2019 | -$0.98T | -$0.20T |
| FY 2018 | -$0.78T | -$0.11T |
| FY 2017 | -$0.67T | -$0.08T |
| FY 2016 | -$0.58T | -$0.14T |
| FY 2015 | -$0.44T | +$0.04T |
| FY 2014 | -$0.48T | +$0.19T |
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This page shows public economic data for general information. It is not financial advice and does not predict future values.
Sources
- U.S. Office of Management and Budget, Federal Surplus or Deficit [-] [FYFSD], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/FYFSD, Oct 26, 2026.
- View FYFSD on FRED® · U.S. Office of Management and Budget
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