Federal Government: Current Expenditures
Federal Government: Current Expenditures is government current expenditure in the national accounts, reported as Billions of Dollars.
7755.25
Billions of Dollars
Federal Government: Current Expenditures — latest reading: 7755.25 billions of dollars. As of April 2026, it is up 19.8% over the past 12 months, well above its 10-year average. Source: FGEXPND, US Bureau of Economic Analysis, published quarterly. Reported as published, without transformation; the publisher may revise it. Higher than all but 3 of 322 readings since 1946-01-01. Last at or above this level on 2021-04-01.
Min
38.15
Max
8891.37
Average
1770.97
10Y Percentile
93%
3M Change
+2.6%
Federal Government: Current Expenditures (FGEXPND) — 322 observations from 1946-01-01 to 2026-04-01. Source: FRED, Federal Reserve Bank of St. Louis. Red shading indicates NBER recession periods.
Compare Federal Government: Current Expenditures with other indicators →
How these numbers changed
Every figure above is the current one. These are the same periods as first published — what Federal Government: Current Expenditures said on the day, before it was restated. Measured in Billions of Dollars.
| Period | First print | Now | Change | Republished |
|---|---|---|---|---|
| Apr 2026 | 7763.706 | 7755.254 | -8.452 | 2× |
| Jan 2026 | 7681.055 | 7667.766 | -13.289 | 3× |
| Oct 2025 | 7572.4 | 7563.29 | -9.11 | 3× |
| Jul 2025 | 7579.734 | 7560.308 | -19.426 | 2× |
| Apr 2025 | 7337.578 | 7495.209 | +157.631 | 3× |
| Jan 2025 | 7145.153 | 7297.677 | +152.524 | 4× |
| Oct 2024 | 7106.807 | 7271.897 | +165.09 | 4× |
| Jul 2024 | 7048.543 | 7176.296 | +127.753 | 4× |
| Apr 2024 | 6684.216 | 6963.436 | +279.22 | 4× |
| Jan 2024 | 6591.274 | 6845.278 | +254.004 | 5× |
| Oct 2023 | 6431.683 | 6680.677 | +248.994 | 5× |
| Jul 2023 | 6392.615 | 6544.718 | +152.103 | 5× |
Federal Government: Current Expenditures for April 2026 first printed at 7763.706 on July 30, 2026, was revised 2 times, and now reads down to 7755.254. Recompute any row from FRED's own vintage archive.
Macro Regime Context
The growth regime is currently late cycle (71% confidence).
See what this means across all four regime dimensions →3-Month
+2.6%
6-Month
+6.6%
12-Month
+19.8%
What this means
Federal Government: Current Expenditures is currently at 7755.25 billions of dollars, which is well above its 10-year historical average. The trend is increasing (+2.6% over the past 3 months).
Over the past 6 months the change is +6.6%, and over 12 months it is +19.8%. The short-term pace is consistent with the longer trend.
Cite this page
MacroRadar, "Federal Government: Current Expenditures," https://www.macroradar.io/federal-government-current-expenditures (as of April 2026).