April 2025 | Released May 13, 2025


Outlays







Table 1. Outlays

Outlay category Apr 2025 Fiscal year to date FY2024 to date FY2024 Last 12 months
Social Security $132.09B
(22.3%)
$907.35B
(21.8%)
$837.32B
(21.9%)
$1,460.91B
(21.7%)
$1,530.95B
(21.6%)
Income Security and Veterans Benefits $92.81B
(15.7%)
$661.48B
(15.9%)
$598.27B
(15.7%)
$996.44B
(14.8%)
$1,059.65B
(15.0%)
Net Interest $89.38B
(15.1%)
$578.69B
(13.9%)
$514.16B
(13.5%)
$881.65B
(13.1%)
$946.18B
(13.4%)
Medicare $81.86B
(13.8%)
$550.48B
(13.2%)
$464.88B
(12.2%)
$874.13B
(13.0%)
$959.74B
(13.5%)
Defense $66.37B
(11.2%)
$509.44B
(12.2%)
$470.95B
(12.3%)
$826.29B
(12.2%)
$864.78B
(12.2%)
Medicaid $58.12B
(9.8%)
$378.07B
(9.1%)
$355.46B
(9.3%)
$617.52B
(9.2%)
$640.12B
(9.0%)
Foreign Aid $2.74B
(0.5%)
$23.87B
(0.6%)
$27.86B
(0.7%)
$57.25B
(0.8%)
$53.26B
(0.8%)
All other outlays $68.40B
(11.6%)
$549.81B
(13.2%)
$550.48B
(14.4%)
$1,032.28B
(15.3%)
$1,031.61B
(14.6%)


Receipts







Table 2. Receipts

Receipt category Apr 2025 Fiscal year to date FY2024 to date FY2024 Last 12 months
Individual Income Taxes $537.03B
(63.2%)
$1,680.85B
(54.0%)
$1,571.23B
(53.0%)
$2,426.07B
(49.3%)
$2,535.68B
(50.1%)
Social Insurance and Retirement Taxes $184.40B
(21.7%)
$1,018.13B
(32.7%)
$983.73B
(33.2%)
$1,709.56B
(34.8%)
$1,743.97B
(34.4%)
Corporation Income Taxes $93.63B
(11.0%)
$255.23B
(8.2%)
$281.18B
(9.5%)
$529.87B
(10.8%)
$503.91B
(9.9%)
Customs Duties $15.63B
(1.8%)
$59.21B
(1.9%)
$44.06B
(1.5%)
$77.04B
(1.6%)
$92.19B
(1.8%)
All other receipts $19.47B
(2.3%)
$97.04B
(3.1%)
$84.11B
(2.8%)
$176.22B
(3.6%)
$189.14B
(3.7%)


Deficits







Upcoming releases


Date Time Release Data source
May 21 10:00 AM State Employment Update, April 2025 Bureau of Labor Statistics
May 29 08:30 AM Monthly GDP Update, Q1 2025 Second Estimate Bureau of Economic Analysis
May 30 08:30 AM Monthly Expenditures Update, April 2025 Bureau of Economic Analysis
Jun 05 08:30 AM Monthly Trade Update, April 2025 Bureau of Economic Analysis
Jun 06 08:30 AM Monthly Employment Update, May 2025 Bureau of Labor Statistics
Jun 06 10:00 AM Monthly Debt Update, June 2025 U.S. Treasury
Jun 11 08:30 AM Monthly Inflation Update, May 2025 Bureau of Labor Statistics
Jun 12 10:00 AM Monthly Fiscal Update, May 2025 U.S. Treasury


Notes


Source: U.S. Treasury; JEC Republicans calculations

“pp” = percentage points

Discrepancy in change and share figures is possible due to rounding. Values in parentheses in the tables represent the share of the total value of the column.