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U.S. federal award spending in fiscal year 2024

Fiscal year 2024 ran from October 1, 2023 to September 30, 2024. Federal agencies obligated $4.86 trillion in awards performed in U.S. states and territories, up 2% from FY 2023 ($4.75 trillion).

$731.6B
Contracts
$1.18T
Grants
$2.93T
Direct payments
$15.1B
Other assistance
$397.1B
Loans (face value)

Award spending by type

Of award spending (excluding loans), contracts 15.0%, grants 24.3%, direct payments 60.3%, other assistance 0.3%.

Award typeAmountRelative size
Contracts$731.6 billion
Grants$1.18 trillion
Direct payments$2.93 trillion
Other assistance$15.1 billion
Loans (face value)$397.1 billion

States receiving the most, FY 2024

#StateAmountRelative size
1California$447.3 billion
2Florida$289.2 billion
3Texas$274.2 billion
4Pennsylvania$270.1 billion
5New York$255.1 billion
6Minnesota$211.9 billion
7Indiana$192.9 billion
8Virginia$192.6 billion
9Kentucky$163.6 billion
10South Carolina$130.4 billion

All states and territories

Agencies obligating the most, FY 2024

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

#AgencyAmountRelative size
1Department of Health and Human Services$2.52 trillion
2Department of the Treasury$1.77 trillion
3Social Security Administration$1.61 trillion
4Department of Defense$1.39 trillion
5Department of Veterans Affairs$367.9 billion
6Department of Agriculture$253.9 billion
7Office of Personnel Management$246.3 billion
8Department of Education$229.0 billion
9Department of Transportation$152.4 billion
10Department of Homeland Security$140.6 billion

All agencies

Other fiscal years

FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 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