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U.S. federal award spending in fiscal year 2023

Fiscal year 2023 ran from October 1, 2022 to September 30, 2023. Federal agencies obligated $4.75 trillion in awards performed in U.S. states and territories, up 6% from FY 2022 ($4.47 trillion).

$735.5B
Contracts
$1.11T
Grants
$2.85T
Direct payments
$50.2B
Other assistance
$354.7B
Loans (face value)

Award spending by type

Of award spending (excluding loans), contracts 15.5%, grants 23.5%, direct payments 60.0%, other assistance 1.1%.

Award typeAmountRelative size
Contracts$735.5 billion
Grants$1.11 trillion
Direct payments$2.85 trillion
Other assistance$50.2 billion
Loans (face value)$354.7 billion

States receiving the most, FY 2023

#StateAmountRelative size
1California$427.4 billion
2Texas$296.0 billion
3Florida$280.1 billion
4Pennsylvania$260.3 billion
5New York$242.5 billion
6Minnesota$214.4 billion
7Virginia$186.2 billion
8Indiana$184.4 billion
9Kentucky$159.8 billion
10Illinois$158.5 billion

All states and territories

Agencies obligating the most, FY 2023

Total obligations, including non-award spending such as salaries and interest.

#AgencyAmountRelative size
1Department of Health and Human Services$2.48 trillion
2Department of the Treasury$1.64 trillion
3Social Security Administration$1.51 trillion
4Department of Defense$1.33 trillion
5Department of Veterans Affairs$324.4 billion
6Department of Agriculture$296.6 billion
7Department of Education$254.9 billion
8Office of Personnel Management$234.2 billion
9Federal Deposit Insurance Corporation$144.9 billion
10Department of Transportation$139.0 billion

All agencies

Other fiscal years

FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2024FY 2025FY 2026
Source: USAspending.gov API v2 (U.S. Department of the Treasury, Bureau of the Fiscal Service). USAspending advanced search · API endpoint list
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