Data Sumnaries, Table 1: Federal – Recent
Table 1 contains information for federal fiscal years 2024, 2025, and 2026 (which go from October 1 of the preceding year through September 30). This shows where the U.S. economy and federal budget appear to be heading after emerging from the Covid pandemic.
Table 1: Recent Federal Budgets Data
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Fiscal Year 1 | 2024 | 2025 | 2026
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President | Biden | Trump | Trump
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GDP (T$) 2 | 29.83 3 | 31.42 3 | 32.05 3
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Total Spent (T$) | 6.87 4 | 7.01 4 | 7.4 5
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Total Revenue (T$) | 5.05 4 | 5.23 4 | 5.6 5
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Annual Deficit ($T) | 1.82 4 | 1.78 4 | 1.9 5
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Annual Deficit (% TSp) | 26.5 6 | 25.4 6 | 26 6
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National Debt (T$) | 35.46 7 | 38.52 7 | 40.4 8
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National Debt (% GDP) | 119 9 | 123 9 | 126 9
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Social Security (T$) | 1.531 10 | 1.656 10 | 1.737 14
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Medicare (T$) | 1.521 11 | 1.691 11 | 1.287 15
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Debt Payment (T$) | 1.126 12 | 1.224 12 | 1.2 16
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Department of War (T$) | 0.825 13 | 0.842 13 | 0.831 16
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1 – From October 1 of previous year to September 30 of listed year.
2 – Gross Domestic Product = Total market value of goods and services produced in the United States.
3 – GDP Values taken from www.macrotrends.net/3004/us-gdp interactive chart for Dec. (Q4) based on U.S Bureau of Economic Analysis data. 2% growth estimate for 2026.
4 – From U.S. Treasury’s “FiscalData” website under “Revenue”, “Spending”, and “Deficit” tabs.
5 – From www.cbo.gov/publication/61882 budget outlook estimates.
6 – By dividing Annual Deficit by Total Spent.
7 – From Historical Debt Outstanding | U.S. Treasury Fiscal Data
8 – By adding 2026 Annual Deficit to 2025 National Debt.
9 – By dividing the National Debt by GDP.
10 – From SSA Agency Financial Reports for 2024 and 2025.
11 – From FY25 CMS (Center for Medicare Services) Financial Report.
12 – From Bureau of Financial Services 2024 and 2025 Audits.
13 – From 2025 Defense Appropriations: Summary of Funding.
14 – From SSA Budget Estimate for FY 2026 President’s Budget.
15 – From Congressional Budget Office Baseline Projections.
16 – President’s 2026 Budget Estimate.
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