Federal Deficit: TTM Interest Expense Exceeds $1T

Federal Budget

The Federal Government publishes the spending and revenue numbers on a monthly basis. 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 to, and the surplus or deficit.

The government fiscal year closes at the end of September, but this analysis will look at the calendar year budget. As shown below, the last three months all saw deficits, with 5 of the last 6 months showing deficit of more than $100B.

Figure: 1 Monthly Federal Budget