Net Federal Outlays
Total federal spending — the expenditure side of the fiscal equation.
7.0M$B
Trend YoY growth is -3.7%, slowing by 1.5 pp/month over the last 4Y. Latest: +2.8%, 6.5 pp above trend, a 1.0σ deviation. The latest YoY reading is boosted by 11.6 pp due to an easy comparison base from Sep 30.
Level
YoY %
y = 70.8% − 1.5 pp/mo · t
Deviation from trend