US federal government finances, FY 2024 [OC]

Posted by USAFacts

9 comments
  1. Source: US Treasury Department

    Tools: Illustrator

    Note: The federal fiscal year runs from October 1 to September 30. Negative spending occurs when the government collects more money through a specific program or activity than it spends on that specific program or activity. For example, the federal government may have negative spending on patents and copyrights partly because the fees paid by applicants offset the costs of administering those intellectual property rights.

    Fully interactive (and searchable version) [here](https://usafacts.org/government-spending/).

  2. Would you guys get Balmer on board to build an interactive model so when Tax cuts or additional expenditures are proposed it would be easier to see the ripple effects?

    Yes this model is interactive but all the computational elements are static.

  3. Hopefully you like zooming… We added a lot more detail to this Sankey than versions we’ve shared [before](https://www.reddit.com/r/dataisbeautiful/comments/17gzbhj/the_united_states_federal_government_spent_64/). Fitting this into just one image was a challenge, but given all of the discussions about government spending, it felt like a good time to make it happen.

    If you don’t like zooming, I have good news. We built an [interactive version](https://usafacts.org/government-spending/) that is searchable by agency with a font size bigger than 8.

    And if you don’t like zooming or clicking on links, maybe I can try describing the chart to you?

  4. So a short summary – there’s a $1.8 Trillion in deficits in 2024?

    I am assuming that “Obligations” of $973 Billion is the interest that’s paid on past deficits, right?

  5. Is some of that 729B of other medicaid? is it split up too much to call out?

  6. Really great.

    One note, can we isolate Social Security off to the top or bottom, so it doesn’t look like it’s going in and out of the general fund?

    >From its inception, the Trust Fund has always worked the same way. The Social Security Trust Fund has never been “put into the general fund of the government.” – [Social Security History](https://www.ssa.gov/history/InternetMyths.html)

    Thinking the same for Medicare.

  7. This is really well done! Thank you very much for sharing this. It helped highlight a few things for me.

    1) The Net Interest on Debt ($878B) is absolutely insane and needs to be reigned in.

    2) Corporate Income Taxes ($530B) are laughably low.

  8. 530B income from corporations but 2.4T from individuals – yep checks out. please move on, nothing to see here…..

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