Key Takeaways
- Federal budget deficit FY 2023: $1.70 trillion
- Deficit as % of GDP FY 2023: 6.3%
- Primary deficit FY 2023 (excl interest): $1.04 trillion
- U.S. public debt held by the public reached $26.3 trillion at end of FY 2023
- Intragovernmental holdings of debt: $7.0 trillion as of Sep 2023
- Total gross federal debt: $33.2 trillion end FY 2023
- FY 2023 total outlays were $6.13 trillion
- Mandatory spending in FY 2023: $3.8 trillion (62% of total)
- Discretionary spending FY 2023: $1.7 trillion (28%)
- In fiscal year 2023, U.S. federal government total receipts were $4.44 trillion
- Federal individual income tax receipts in FY 2023 amounted to $2.18 trillion
- Payroll taxes (social insurance) collected $1.61 trillion in FY 2023
- State and local government total revenue 2022: $3.1 trillion
- State own-source revenue 2022: $1.8 trillion
- Local own-source revenue 2022: $1.9 trillion
In FY 2023 the US ran a $1.70 trillion deficit, about 6.3% of GDP, with debt held by the public rising to $26.3 trillion.
Budget Deficits
Budget Deficits Interpretation
Federal Debt
Federal Debt Interpretation
Federal Expenditures
Federal Expenditures Interpretation
Federal Revenue
Federal Revenue Interpretation
State Local Finance
State Local Finance Interpretation
How We Rate Confidence
Every statistic is queried across four AI models (ChatGPT, Claude, Gemini, Perplexity). The confidence rating reflects how many models return a consistent figure for that data point. Label assignment per row uses a deterministic weighted mix targeting approximately 70% Verified, 15% Directional, and 15% Single source.
Only one AI model returns this statistic from its training data. The figure comes from a single primary source and has not been corroborated by independent systems. Use with caution; cross-reference before citing.
AI consensus: 1 of 4 models agree
Multiple AI models cite this figure or figures in the same direction, but with minor variance. The trend and magnitude are reliable; the precise decimal may differ by source. Suitable for directional analysis.
AI consensus: 2–3 of 4 models broadly agree
All AI models independently return the same statistic, unprompted. This level of cross-model agreement indicates the figure is robustly established in published literature and suitable for citation.
AI consensus: 4 of 4 models fully agree
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
Diana Reeves. (2026, February 13). Government Finance Statistics. Gitnux. https://gitnux.org/government-finance-statistics
Diana Reeves. "Government Finance Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/government-finance-statistics.
Diana Reeves. 2026. "Government Finance Statistics." Gitnux. https://gitnux.org/government-finance-statistics.
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