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Breaking Down $6.16 Trillion in Federal Government Spending in the US
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In fiscal year 2023, the US government collected $4.47 trillion in revenue and spent $6.16 trillion on public programs, running a deficit of $1.70 trillion. The highest-ticket item on the government's list? Social Security, which accounted for $1.35 trillion in spending, or 22% of the annual budget.
Dataset
Share of spending (rounded) | |
---|---|
Social security | 22% |
National defense and veterans | 18% |
Transfers to state | 18% |
Medicare | 14% |
Net interest on the debt | 11% |
Other | 10.00% |
Assistance to individuals | 8.00% |
Data sources
Note: Transfers to state and local governments include Medicaid and CHIP.
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