Federal Government: Current Expenditures

FGEXPND • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

7,337.58

Year-over-Year Change

20.91%

Date Range

1/1/1947 - 4/1/2025

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Summary

Federal government current expenditures represent the total spending by the U.S. government on goods, services, and transfer payments within a specific period. These expenditures are a key indicator of government fiscal policy and economic activity.

Analysis & Context

This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.

Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.

About This Dataset

This trend measures the total amount of money the federal government spends on programs, infrastructure, defense, and social services. Monitoring current expenditures helps assess government fiscal health, policy priorities, and potential impacts on economic growth.

Methodology

Data is collected from the U.S. Treasury and federal agencies, compiled monthly and annually, and adjusted for inflation and seasonal variations. The figures are reported in the Federal Reserve Economic Data (FRED) database and are based on official government accounting standards.

Historical Context

Economists and policymakers analyze federal current expenditures to evaluate fiscal policy stance, budget deficits, and economic stimulus efforts. Changes in spending levels can influence inflation, employment, and overall economic stability.

Key Facts

In 2023, federal current expenditures totaled approximately $6.2 trillion, reflecting a 4% increase from the previous year.
Defense and social security constitute over 60% of total federal current expenditures.
Spending as a percentage of GDP has remained around 25% over the past five years.

FAQs

Q: What are federal government current expenditures?

A: They are the total spending by the federal government on goods, services, and transfer payments within a specific period, excluding capital investments.

Q: Why do federal expenditures fluctuate annually?

A: Fluctuations can result from changes in policy priorities, economic conditions, emergency spending, or legislative decisions affecting budget allocations.

Q: How does government spending impact the economy?

A: Increased government spending can stimulate economic growth, while reductions may slow economic activity. It also influences inflation, employment, and fiscal sustainability.

Q: What is the significance of monitoring federal expenditures?

A: Tracking expenditures helps evaluate fiscal policy effectiveness, manage budget deficits, and inform decisions on taxation and public investment.

Q: How is federal government spending data collected?

A: Data is collected from official government sources such as the U.S. Treasury and federal agencies, then compiled and published by organizations like the Federal Reserve Economic Data (FRED).

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