Federal Government: Current Expenditures
Federal Government: Current Expenditures is government current expenditure in the national accounts, reported as Billions of Dollars.
7764.99
Billions of Dollars
Federal Government: Current Expenditures — latest reading: 7764.99 billions of dollars. As of April 2026, it is up 19.6% 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 2 of 322 readings since 1946-01-01. Last at or above this level on 2021-01-01.
Min
38.15
Max
8891.37
Average
1771.25
10Y Percentile
95%
3M Change
+2.4%
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 | 7764.988 | +1.282 | 1× |
| Jan 2026 | 7681.055 | 7679.66 | -1.395 | 2× |
| Oct 2025 | 7572.4 | 7583.663 | +11.263 | 2× |
| Jul 2025 | 7579.734 | 7580.229 | +0.495 | 1× |
| Apr 2025 | 7337.578 | 7496.339 | +158.761 | 2× |
| Jan 2025 | 7145.153 | 7313.597 | +168.444 | 3× |
| Oct 2024 | 7106.807 | 7247.662 | +140.855 | 3× |
| Jul 2024 | 7048.543 | 7165.663 | +117.12 | 3× |
| Apr 2024 | 6684.216 | 6954.021 | +269.805 | 3× |
| Jan 2024 | 6591.274 | 6846.123 | +254.849 | 4× |
| Oct 2023 | 6431.683 | 6668.128 | +236.445 | 4× |
| Jul 2023 | 6392.615 | 6558.635 | +166.02 | 4× |
Federal Government: Current Expenditures for April 2026 first printed at 7763.706 on July 30, 2026, was revised once, and now reads up to 7764.988. Recompute any row from FRED's own vintage archive.
Macro Regime Context
The growth regime is currently late cycle (67% confidence).
See what this means across all four regime dimensions →3-Month
+2.4%
6-Month
+7.1%
12-Month
+19.6%
What this means
Federal Government: Current Expenditures is currently at 7764.99 billions of dollars, which is well above its 10-year historical average. The trend is increasing (+2.4% over the past 3 months).
Over the past 6 months the change is +7.1%, and over 12 months it is +19.6%. 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).