ACTUAL · COMPLETE · SOURCE-BACKED

The federal budget,
all $7.01T of it.

Follow every official receipt source through the federal ledger and out to every budget function in the latest completed fiscal year.

Oct 2024 – Sep 2025U.S. Treasury MTSActuals, modified cash
Net receipts
$5.235T

Covered 74.7% of net outlays

Net outlays
$7.010T

The full federal budget, actual

Deficit / funding gap
$1.775T

Equal to 25.3% of net outlays

Receipts to budget functions

Select a function to reveal official subfunctions without leaving the chart.

TREASURY · COMPLETE ACCOUNTING

Click a function to reveal its subfunctions.

One complete FY 2025 flow: seven receipt sources and the funding gap feed every Treasury budget function. Click a right-side node—or its ribbon—to drill into the official subfunction detail in place.

DATA BASISFinal Treasury MTSFY 2025 actuals · modified cash
Click the right side to drill into details
THE LEDGER

The numbers behind the ribbons

All seven receipt sources and all 19 budget functions. Shares are relative to their official totals; negative shares are shown as offsets.

01

What came in

Net receipts by source

$5.235T
Individual income taxes50.7% of all receipts
$2.66T50.7%
Social insurance and retirement receipts
$1.75T33.4%
Corporation income taxes
$452.1B8.6%
Customs duties
$194.9B3.7%
Excise taxes
$105.9B2.0%
Miscellaneous receipts
$47.9B0.9%
Estate and gift taxes
$29.5B0.6%
02

Where it went

Net outlays by budget function

$7.010T
Social Security
$1.58T22.5%
Medicare
$996.7B14.2%
Health
$978.9B14.0%
Net Interest
$970.4B13.8%
National Defense
$916.6B13.1%
Income Security
$701.6B10.0%
Veterans Benefits and Services
$377.2B5.4%
Transportation
$145.8B2.1%
Natural Resources and Environment
$88.3B1.3%
Administration of Justice
$85.2B1.2%
Community and Regional Development
$84.5B1.2%
Education, Training, Employment, and Social Services
$69.2B1.0%
Agriculture
$49.3B0.7%
International Affairs
$45.2B0.6%
General Science, Space, and Technology
$42.1B0.6%
General Government
$36.3B0.5%
Energy
$20.9B0.3%
Commerce and Housing Creditshown as an offset in the root Sankey
−$28.6B0.4%
Undistributed Offsetting Receiptsshown as an offset in the root Sankey
−$150.2B2.1%
HOW TO READ THIS

Actual cash flows, not a proposal.

This is the latest completed fiscal year: October 1, 2024 through September 30, 2025. Treasury's Monthly Treasury Statement reports receipts and outlays on the federal budget's modified-cash basis. These are budget functions—not departments, appropriations, obligations, or accrual expenses.

A

The deficit is a gap

The $1.775T flow is net outlays minus receipts. It is not labeled borrowing: Treasury's financing statement includes operating cash and other adjustments.

B

Negative outlays are offsets

$178.8B from Commerce and Housing Credit and Undistributed Offsetting Receipts reduces official net outlays. The full Sankey draws the magnitudes as inflows so every ribbon stays nonnegative.

C

Two official data vintages

Drilled function views use OMB's later FY 2025 historical actuals, which are $1.131B above Treasury's final MTS after revisions and whole-million rounding. The active scope labels its basis.