Federal Net Outlays 7.011T for
Federal Net Outlays came in at 7.011T for 2025, up 4.10% from 6.735T the prior year and 4.10% above its level of 6.735T one year ago. The series has averaged 1.049T since 1901, reaching a record high of 7.011T in September 2025 and a record low of 485M in June 1902.
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<iframe src="https://marketxls.com/embed/indicators/federal-spending" width="100%" height="460" frameborder="0" title="Federal Net Outlays chart"></iframe><p style="font:12px/1.4 sans-serif;margin:4px 0 0"><a href="https://marketxls.com/indicators/federal-spending" rel="nofollow">Federal Net Outlays chart - MarketXLS</a></p>Historical Data
⋮ | ⋮ |
|---|---|
| September 30, 2025 | 7.011T |
| September 30, 2024 | 6.735T |
| September 30, 2023 | 6.128T |
| September 30, 2022 | 6.272T |
| September 30, 2021 | 6.821T |
| September 30, 2020 | 6.517T |
| September 30, 2019 | 4.447T |
| September 30, 2018 | 4.109T |
| September 30, 2017 | 3.982T |
| September 30, 2016 | 3.853T |
| September 30, 2015 | 3.692T |
| September 30, 2014 | 3.506T |
| September 30, 2013 | 3.455T |
| September 30, 2012 | 3.527T |
| September 30, 2011 | 3.603T |
| September 30, 2010 | 3.457T |
| September 30, 2009 | 3.518T |
| September 30, 2008 | 2.983T |
| September 30, 2007 | 2.729T |
| September 30, 2006 | 2.655T |
⋮ | ⋮ |
|---|---|
| June 30, 1963 | 111B |
| June 30, 1962 | 107B |
| June 30, 1961 | 97.7B |
| June 30, 1960 | 92.2B |
| June 30, 1959 | 92.1B |
| June 30, 1958 | 82.4B |
| June 30, 1957 | 76.6B |
| June 30, 1956 | 70.6B |
| June 30, 1955 | 68.4B |
| June 30, 1954 | 70.9B |
| June 30, 1953 | 76.1B |
| June 30, 1952 | 67.7B |
| June 30, 1951 | 45.5B |
| June 30, 1950 | 42.6B |
| June 30, 1949 | 38.8B |
| June 30, 1948 | 29.8B |
| June 30, 1947 | 34.5B |
| June 30, 1946 | 55.2B |
| June 30, 1945 | 92.7B |
| June 30, 1944 | 91.3B |
About Federal Net Outlays
What it measures
Federal Net Outlays (FRED series FYONET) measures total annual spending by the US federal government, including mandatory programs such as Social Security and Medicare, discretionary defense and nondefense spending, and net interest on the debt. It is reported per fiscal year from Treasury and Office of Management and Budget records.
Why it matters
Outlays define the size of the federal footprint in the economy and, together with receipts, the deficit. The composition matters as much as the total: mandatory spending and interest costs grow largely on autopilot, squeezing discretionary room. Investors track outlays to anticipate Treasury supply and assess long-run fiscal sustainability.
How to read it
Evaluate outlays as a share of GDP rather than in dollar terms, since nominal spending rises almost every year with inflation and population. Spikes typically correspond to recessions and emergency responses, when automatic stabilizers and stimulus kick in. Watch the interest component: sustained growth there compounds debt dynamics independently of any policy decision.
Get Federal Net Outlays in Excel
Pull Federal Net Outlays directly into your spreadsheet with a single MarketXLS formula - always current, no copy-pasting:
=FederalOutlays()View the Federal Outlays formula documentation or browse all 100+ Economic Data functions.
Frequently Asked Questions
What is the current Federal Net Outlays?
Federal Net Outlays is 7.011T as of September 2025.
What is the all-time high and low of Federal Net Outlays?
The highest value on record is 7.011T (September 2025) and the lowest is 485M (June 1902).
How often is Federal Net Outlays updated?
Federal Net Outlays is published on a annual basis, sourced from Federal Reserve Economic Data (FRED).
How do I get Federal Net Outlays in Excel?
Use the MarketXLS Excel formula =FederalOutlays() to pull Federal Net Outlays directly into any cell, with historical values available for analysis.
Stats
| Last Value | 7.011T |
| Latest Period | 2025 |
| Last Updated | April 3 2026, 12:02 |
| Value Previous Year | 6.735T |
| Change From Previous Year | 4.10% |
| Value 1 Year Ago | 6.735T |
| Change From Year Ago | 4.10% |
| Average Growth Rate | 7.95%/yr |
| Record High (Sep 2025) | 7.011T |
| Record Low (Jun 1902) | 485M |
| Long-Term Average | 1.049T |
| Frequency | Annual |
| Adjustment | Not Seasonally Adjusted |
| Unit | Millions of Dollars |
Annual Averages
| 2025 | 7.011T |
| 2024 | 6.735T |
| 2023 | 6.128T |
| 2022 | 6.272T |
| 2021 | 6.821T |
| 2020 | 6.517T |
| 2019 | 4.447T |
| 2018 | 4.109T |
| 2017 | 3.982T |
| 2016 | 3.853T |
| 2015 | 3.692T |
| 2014 | 3.506T |
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