$876.163B
$876.163B
$876.163B
12.86%
12.86%
PUBLIC LEDGER
Choose one period at a time. FY2024 and FY2025 are completed fiscal years. FY2026 covers October 2025–August 2026 only; September is excluded. Do not compare its eleven-month total directly with a completed year.
FY2026 · October 2025–August 2026 ONLY. Preliminary actuals through August 31, 2026. Eleven months only; September excluded. Not a full-year comparison. Subject to revision.
$6,811.043B
Net spending recorded for October 2025–August 2026.
$4,845.452B
Revenue collected for October 2025–August 2026.
$1,965.591B
The gap: outlays minus receipts.
Outlays − receipts = deficit. Treasury’s rounded table totals: $6,811.043B − $4,845.452B = $1,965.591B. Headline figures are rounded to $0.01T.
All 19 Treasury function categories. Nonoverlapping accounting categories; amounts are net outlays in billions, rounded to millions. Shares use total net outlays, including negative offsets. October 2025–August 2026 only; not full-year spending.
Display rounding reconciliation (−$1M)
<0.01%
Total net outlays
Displayed function rows sum to $6,811.044B. The −$0.001B rounding difference reconciles them to Treasury’s $6,811.043B reported total, rounded to millions. This is a rounding reconciliation, not an additional spending category. Shares are rounded to 0.01 percentage point.
Negative amounts reduce net outlays. Collections and credit-program adjustments can offset spending within a function; undistributed offsetting receipts reduce the overall total. These offsets are already included here and must not be added again to federal receipts. Credit-accounting amounts can reflect loan subsidy reestimates, not cash services delivered that year.
Follow the linked spending areas for available investigations. Unlinked area names are accounting context. Investigations use FY2025 accounting; each study retains its own observation period and does not switch years with the ledger.
Plain-language examples, separate from the ledger. They help explain the categories; they are not extra totals or measured outcomes.
Follow the linked spending areas for FY2025 accounting context. Each study retains its own observation period; these investigations do not switch years with the ledger.
Social Security supports retirement, survivors, and disability benefits. Other retirement benefits sit in Income Security and Veterans Benefits and Services.
Medicare is its own function. Health covers other healthcare services, research, and safety; veterans’ medical care sits in Veterans Benefits and Services.
National Defense includes military activities and related defense programs. Veterans’ benefits are a separate function.
Education, Training, Employment, and Social Services includes schools, higher education, training, and social services.
Rental assistance sits in Income Security; mortgage credit in Commerce and Housing Credit; veterans’ housing in Veterans Benefits and Services.
Food and nutrition assistance, including SNAP, sits in Income Security. Agriculture covers farm support and agricultural research.
Transportation covers road, air, and water transport. Community and Regional Development includes local development and disaster relief; water resources also sit in Natural Resources and Environment.
Net Interest records interest costs after related interest income and other offsets. It is separate from program spending.
Congress
Passes spending laws: annual appropriations and laws setting program eligibility and benefits.
President
Proposes a budget, recommends priorities, and signs or vetoes legislation. A budget proposal is not spending law.
Agencies
Implement enacted laws, administer programs, and make payments within their legal authority.
Some spending follows existing eligibility laws and benefit formulas rather than a new allocation each year. Congress can change those laws. Some mandatory programs still receive annual appropriations. Outlays in October 2025–August 2026 can also pay obligations authorized in earlier years.
FY2026 sources & accounting notes
B = billion dollars; T = trillion dollars. Shares divide each displayed function amount by displayed total net outlays and round to two decimal places. Negative offsets remain included. The rounding adjustment is not a spending function.
- Treasury · Monthly Treasury Statement dataset (opens in a new tab)
Table 9 · record date August 31, 2026. Current fiscal-year-to-date amounts cover October 2025–August 2026. These are preliminary actual receipts and net outlays, not a proposed budget or a full-year estimate.
- Treasury · August 2026 Table 9 records (opens in a new tab)
The 19 function rows reconcile exactly to $6,811,043,257,196.10 at source dollar precision. Amounts on this page are rounded to $1 million; those displayed rows sum to $6,811.044B. The −$0.001B rounding adjustment reconciles to the displayed total of $6,811.043B.
- CBO · August 2026 Monthly Budget Review (opens in a new tab)
CBO's preliminary estimate underlies the preserved opening's $4.85T receipt figure. This detailed view consistently uses Treasury Table 9, rather than mixing CBO's estimated program and department categories with Treasury's function categories. No September spending is included.
- OMB · Functional Classification (opens in a new tab)
Exhibit 79A defines functions and subfunctions. Used for descriptions only; no proposed spending amounts are used.
- CBO · Common Budgetary Terms Explained (opens in a new tab)
Definitions of outlays, offsets, credit accounting, mandatory spending, and deficits.
- U.S. Senate · Budget process (opens in a new tab)
President's proposals and congressional spending authority.
- USAGov · How laws are made (opens in a new tab)
Congress passes laws; the president signs or vetoes legislation.