Tax Policy Center

Fiscal Facts

July 16, 2018
Federal Expenditures and Revenues, annually
Federal expenditures in FY2017 totaled almost $4 trillion, or about 21% of GDP. Federal revenues in FY2017 totaled $3.3 trillion, or about 17.3% of GDP. The last time the federal budget was in surplus or balance (FY1998-2001), revenues were around 19-20% of GDP.