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Financial Report of the United States Government

Executive Summary - Nation By The Numbers

The Nation By The Numbers

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NATION BY THE NUMBERS
A Snapshot of
The Government's Financial Position & Condition
  2017 2016*
Financial Measures (Dollars in Billions):
Gross Costs $ (4,609.3) $ (4,515.7)
Less: Earned Revenues $ 431.9 $ 383.9
Gain / (Loss) from Changes in Assumptions $ (356.5) $(273.3)
Net Cost $ (4,533.9) $ (4,405.1)
Less: Total Taxes and Other Revenues $ 3,374.6 $ 3,345.3
Unmatched Transactions and Balances $ 2.6 $ 8.1
Net Operating Cost $ (1,156.7) $ (1,051.7)
Budget Deficit $ (665.7) $ (587.4)
 
Assets: $ 3,480.7 $ 3,534.8
Less: Liabilities, comprised of:
Debt Held By the Public & Accrued Interest $ (14,724.1) $ (14,221.1)
Federal Employee & Veteran Benefits $ (7,700.1) $ (7,209.4)
Other $ (1,472.7) $ (1,401.1)
Total Liabilities $ (23,896.9) $ (22,831.6)
Net Position (Assets Less Liabilities) $ (20,416.2) $ (19,296.8)
Sustainability Measures (Dollars in Trillions):
Social Insurance Net Expenditures $ (49.0) $ (46.7)
Total Non-Interest Net Expenditures $ (16.2) $ (10.6)
 
Sustainability Measures as Percent of Gross Domestic Product (GDP):
Social Insurance Net Expenditures (4.0%) (3.8%)
Total Non-Interest Net Expenditures (1.2%) (0.8%)
Fiscal Gap1 (2.0%) (1.6%)

*Restated (See Financial Statement Note 1.V).
1 To prevent the debt-to-GDP ratio from rising over the next 75 years, a combination of non- interest spending reductions and receipts increases that amounts to 2.0 percent of GDP on average is needed (1.6 percent of GDP on average in 2016). See Financial Statement Note 23.

Last modified 02/09/23