Federal BudgetThe Federal Government publishes the spending and revenue numbers every month. The charts and tables below give an in-depth review of the Federal Budget, showing where the money is coming from, where it is going, and the surplus or deficit.This month saw a $22B deficit.(Click on image to enlarge)
Figure: 1 Monthly Federal Budget$22B may not seem like a lot, but January is historically a month with a surplus. That said, four of the last five years have seen January realize a deficit.(Click on image to enlarge)
Figure: 2 Historical Deficit/Surplus for JanuaryJanuary is the only month other than April that has historically averaged a surplus.(Click on image to enlarge)
Figure: 3 Current vs HistoricalThe two Sankey diagrams below show the distribution of spending and revenue for the month and the trailing twelve months.(Click on image to enlarge)
Figure: 4 Monthly Federal Budget Sankey(Click on image to enlarge)
Figure: 5 TTM Federal Budget SankeyThe next two charts show the monthly revenue and costs broken down by expense type.(Click on image to enlarge)
Figure: 6 Monthly Receipts(Click on image to enlarge)
Figure: 7 Monthly OutlaysInterest Expense has ballooned higher with the Fed’s push to raise rates.(Click on image to enlarge)
Figure: 8 TTM Interest ExpenseThe table below goes deeper into the numbers of each category.(Click on image to enlarge)
Figure: 9 US Budget Detail
Historical Perspective
Zooming out and looking over the history of the budget back to 1980 shows a complete picture. The change since Covid has been quite dramatic.(Click on image to enlarge)
Figure: 10 Trailing 12 Months (TTM)The next two charts zoom in on the recent periods to show the change when compared to pre-Covid. These charts show spending and revenue on a trailing 12-month basis period over period.(Click on image to enlarge)
Figure: 11 Annual Federal Receipts(Click on image to enlarge)
Figure: 12 Annual Federal ExpensesData Source: Data Updated: Monthly on eighth business dayLast Updated: Period ending Jan 2024More By This Author:Debt, Diamonds And Gold Election-Year Gold Trends And Factors For 2024 World Gold Council: “Blistering Central Bank Buying” Fuels Strong Gold Demand
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