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U.S. federal award spending in fiscal year 2025

Fiscal year 2025 ran from October 1, 2024 to September 30, 2025. Federal agencies obligated $5.27 trillion in awards performed in U.S. states and territories, up 8% from FY 2024 ($4.86 trillion).

$776.0B
Contracts
$1.23T
Grants
$3.24T
Direct payments
$18.0B
Other assistance
$517.6B
Loans (face value)

Award spending by type

Of award spending (excluding loans), contracts 14.7%, grants 23.4%, direct payments 61.5%, other assistance 0.3%.

Award typeAmountRelative size
Contracts$776.0 billion
Grants$1.23 trillion
Direct payments$3.24 trillion
Other assistance$18.0 billion
Loans (face value)$517.6 billion

States receiving the most, FY 2025

#StateAmountRelative size
1California$486.9 billion
2Florida$326.9 billion
3Texas$314.0 billion
4Pennsylvania$285.0 billion
5New York$263.8 billion
6Minnesota$242.4 billion
7Virginia$217.3 billion
8Indiana$208.2 billion
9Kentucky$173.6 billion
10Connecticut$154.0 billion

All states and territories

Agencies obligating the most, FY 2025

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

#AgencyAmountRelative size
1Department of Health and Human Services$2.79 trillion
2Department of the Treasury$1.95 trillion
3Social Security Administration$1.74 trillion
4Department of Defense$1.45 trillion
5Department of Veterans Affairs$412.4 billion
6Department of Agriculture$276.6 billion
7Office of Personnel Management$262.0 billion
8Department of Education$179.7 billion
9Department of Homeland Security$171.2 billion
10Department of Transportation$169.6 billion

All agencies

Other fiscal years

FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024FY 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