The Fiscal Year (FY) 2025 Financial Report of the U.S. Government (Financial Report) presents the U.S. (United States) government’s current financial position and condition, and discusses key financial topics and trends. The Financial Report is produced by the Department of the Treasury (Treasury) in coordination with Office of Management and Budget (OMB), which is part of the Executive Office of the President. The table on the preceding page presents several key indicators of the government’s financial position and condition, which are discussed in this Executive Summary and, in greater detail, in the Financial Report. The Secretary of the Treasury, the Director of OMB, and the Comptroller General of the U.S. at the U.S Government Accountability Office (GAO) believe that the information discussed in the Financial Report is important to all Americans.
The Financial Report addresses the government’s financial activity and results as of and for the fiscal years ended September 30, 2025, and 2024. Note 29—Subsequent Events discusses events that occurred after the end of the fiscal year that may affect the government’s financial position and condition.