Federal budget

How big is the federal deficit each year?

The government spent $1.78 trillion more than it collected in fiscal 2025. The gap peaked at $3.13 trillion in 2020, during the pandemic, and has stayed above $1.3 trillion since. The deficit is spending minus revenue, not adjusted for inflation; Treasury's API has these statements from fiscal 2015.

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Source and date

Data as of
Published

The data

Fiscal year Deficit in US dollars
2015 438,898,858,122
2016 587,411,769,637
2017 665,711,513,062
2018 778,996,251,866
2019 984,388,026,332
2020 3,131,917,248,889
2021 2,772,178,788,290
2022 1,375,388,552,955
2023 1,695,148,300,530
2024 1,832,815,989,074
2025 1,775,357,280,734