The US federal government’s deficit increased to $1.8 trillion in 2024. Although federal revenue increased, spending increased as well. 21.6% of government spending was to social security,13% was interest on debt. National defense, Medicare, and Medicaid were the other top spending categories. Learn more about revenue and spending and how they impact the deficit.
Learn More:
https://usafacts.org/answers/what-is-the-federal-governments-budget-deficit-or-surplus/country/united-states/
https://usafacts.org/answers/how-much-debt-does-the-us-have/country/united-states/
https://usafacts.org/just-the-facts/budget/
https://usafacts.org/articles/the-federal-budget-an-overview/
https://usafacts.org/articles/what-is-the-us-national-debt-and-how-has-it-grown-over-time/
https://usafacts.org/government-spending/
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