By the Numbers

Federal outlays, last 12 months

Total federal government outlays over the twelve months ending in the month shown, from the Monthly Treasury Statement.

Latest (September 2026)$7.40 trillionDollars over the 12 months to the date shown
A year earlier (September 2025)$7.01 trillion+5.5% from a year earlier
High since January 2000$7.62 trillionMarch 2021
Low since January 2000$1.73 trillionJanuary 2000

Federal outlays, last 12 months

$0B $2T $4T $6T 2022 2023 2024 2025 2026

Dollars over the 12 months to the date shown. Monthly data.

The last 24 months

Month Value Change
September 2026 $7.40 trillion +$239.1 billion
August 2026 $7.16 trillion -$162.3 billion
July 2026 $7.32 trillion +$136.7 billion
June 2026 $7.18 trillion +$116.6 billion
May 2026 $7.07 trillion -$59.1 billion
April 2026 $7.12 trillion +$30.5 billion
March 2026 $7.09 trillion +$20.8 billion
February 2026 $7.07 trillion +$17.2 billion
January 2026 $7.06 trillion +$12.6 billion
December 2025 $7.04 trillion +$88.0 billion
November 2025 $6.96 trillion -$159.2 billion
October 2025 $7.11 trillion +$104.5 billion
September 2025 $7.01 trillion -$117.6 billion
August 2025 $7.13 trillion +$2.5 billion
July 2025 $7.13 trillion +$55.5 billion
June 2025 $7.07 trillion -$32.8 billion
May 2025 $7.10 trillion +$16.5 billion
April 2025 $7.09 trillion +$25.1 billion
March 2025 $7.06 trillion -$40.4 billion
February 2025 $7.10 trillion +$36.0 billion
January 2025 $7.07 trillion +$142.7 billion
December 2024 $6.92 trillion -$17.5 billion
November 2024 $6.94 trillion +$79.7 billion
October 2024 $6.86 trillion +$114.2 billion

Sources: U.S. Department of the Treasury, Monthly Treasury Statement, FRED, Federal Reserve Bank of St. Louis (MTSO133FMS). Updated November 9, 2026. Latest figure: September 2026. Figures are as published and may be revised by the source.

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