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  1. the federal government’s financial position for and during FY 2021: • The budget deficit decreased by $356.3 billion (11.4 percent) to $2.8 trillion and net operating cost decreased by $746.5 billion (19.4 percent) to $3.1 trillion.

  2. The FY 2021 Financial Report presents the U.S. governments current financial position and condition, and discusses key financial topics and trends. The Financial Report is produced by Treasury in coordination with OMB, which is part of the Executive Office of the President.

    • The Government’S Net Position: “Where We Are”
    • Financial Effects of The Federal Government’S Pandemic Response
    • Costs and Revenues

    The government’s financial position and condition have traditionally been expressed through the Budget, focusing on surpluses, deficits, and debt. However, this primarily cash-based discussion of the government’s net outlays (deficit) or net receipts (surplus) tells only part of the story. The government’s accrual-based net position, (the differenc...

    The financial effects of the government’s response to the COVID-19 pandemic have been broad, impacting many agencies in a variety of ways and to varying degrees. The following include brief discussions of some of the more significant effects of the pandemic on the government’s financial results for FY 2021. Please refer to Note 30—COVID-19 Activity...

    The government’s Statement of Operations and Changes in Net Position, much like a corporation’s income statement, shows the government’s “bottom line” and its impact on net position (i.e., assets net of liabilities, adjusted for unmatched transactions and balances). To derive the government’s “bottom line” net operating cost, the Statement of Net C...

  3. Learn more about government spending through interactive tools that explore elements of the federal budget, such as federal loan, grant, and contract data. USAspending is the official open data source of federal spending information.

  4. Feb 10, 2020 · This Mid-Session Review (MSR) reports on actual changes in spending and revenues to date, and changes to outlays and receipts for 2020 and 2021 where they are known. The MSR also reports expected changes due to legislative and administrative activity since February 2020 in cases where estimation is possible.

  5. Aug 22, 2022 · In 2021, the U.S. government spent $6.8 trillion on various expenditures and government-aided programs. Where was this money spent, and how much was covered by taxpayers’ dollars? This graphic by Truman Du shows a breakdown of U.S. federal spending in 2021, as well as a breakdown of where the money came from, using data from USAspending.gov.

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  7. 2 days ago · Federal government spending pays for everything from Social Security and Medicare to military equipment, highway maintenance, building construction, research, and education. This spending can be broken down into two primary categories: mandatory and discretionary.