WhereTaxMoneyGoesFederal spending in New Mexico, FY 2026
Federal awards performed in New Mexico totaled $46.4 billion in fiscal year 2026 — about $22,222 per resident, ranking 32nd among states and territories. Of award spending (excluding loans), contracts 34.1%, grants 31.1%, direct payments 34.5%, other assistance 0.2%.
FY 2026 totals are still filling in (Defense contracts publish with a 90-day delay), so they will rise as data arrives.
Federal awards in New Mexico by fiscal year
FY 2026 spending was up 12% from FY 2025 ($41.4 billion). Over the period shown, the peak was FY 2026 at $46.4 billion.
Show the numbers
| Fiscal year | Amount |
|---|---|
| FY 2026 | $46.4 billion |
| FY 2025 | $41.4 billion |
| FY 2024 | $40.2 billion |
| FY 2023 | $38.1 billion |
| FY 2022 | $37.2 billion |
| FY 2021 | $40.3 billion |
| FY 2020 | $33.5 billion |
| FY 2019 | $27.9 billion |
| FY 2018 | $26.0 billion |
| FY 2017 | $24.7 billion |
Top recipients in New Mexico
FY 2026, place of performance in New Mexico. State agencies often top this list because Medicaid and other formula grants pass through them.
| # | Recipient | Amount | Relative size |
|---|---|---|---|
| 1 | Multiple recipients (aggregated) | $13.9 billion | |
| 2 | New Mexico Health Care Authority | $10.7 billion | |
| 3 | Triad National Security, LLC | $5.5 billion | |
| 4 | National Technology & Engineering Solutions of Sandia, LLC | $5.4 billion | |
| 5 | Fisher Sand & Gravel CO | $1.8 billion | |
| 6 | New Mexico Department of Transportation | $740.8 million | |
| 7 | New Mexico Department of Homeland Security and Emergency Management | $629.5 million | |
| 8 | State of New Mexico Public Education Department | $536.2 million | |
| 9 | Children Youth & Families New Mexico Dep | $534.8 million | |
| 10 | Southwest Valley Constructors CO | $236.1 million |
Which agencies spend in New Mexico
FY 2026 award obligations by awarding agency.
| # | Agency | Amount | Relative size |
|---|---|---|---|
| 1 | Department of Health and Human Services | $12.1 billion | |
| 2 | Social Security Administration | $11.2 billion | |
| 3 | Department of Energy | $11.1 billion | |
| 4 | Department of Homeland Security | $3.0 billion | |
| 5 | Department of Agriculture | $2.0 billion | |
| 6 | Department of Veterans Affairs | $1.9 billion | |
| 7 | Department of Defense | $1.2 billion | |
| 8 | Department of the Interior | $1.1 billion | |
| 9 | Department of Transportation | $1.0 billion | |
| 10 | Department of Education | $773.2 million |
Largest federal assistance programs in New Mexico
Assistance Listings (formerly CFDA programs) with the most FY 2026 obligations performed in New Mexico.
| # | Program | Amount | Relative size |
|---|---|---|---|
| 1 | Grants to States for Medicaid (93.778) | $9.1 billion | |
| 2 | Social Security Retirement Insurance (96.002) | $8.9 billion | |
| 3 | Veterans Compensation for Service-Connected Disability (64.109) | $1.5 billion | |
| 4 | Social Security Disability Insurance (96.001) | $1.1 billion | |
| 5 | Supplemental Nutrition Assistance Program (10.551) | $939.1 million | |
| 6 | Social Security Survivors Insurance (96.004) | $790.1 million | |
| 7 | Disaster Grants - Public Assistance (Presidentially Declared Disasters) (97.036) | $595.9 million | |
| 8 | Supplemental Security Income (96.006) | $477.3 million |
Search New Mexico awards
Contracts in New Mexico Grants in New Mexico
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Source data last updated November 4, 2026 · Imported November 6, 2026 · Dollar figures are nominal and rounded. How these numbers are calculated · Report a problem