To coincide with the release of the Federal Government’s year-end financial data, the U.S. Department of the Treasury's Bureau of the Fiscal Service has updated Your Guide to America's Finances. (Your Guide) with this new data. Your Guide was launched in 2019 to make federal financial information transparent and accessible to all Americans. It presents a snapshot of the trillions of dollars collected and spent by the Federal Government each year and provides useful context for those numbers.
Your Guide was designed to help Americans understand the core financial concepts of revenue, spending, deficit, and debt and the part these concepts play in the overall financial picture of the United States. The digital guide increases public awareness of the federal government's finances in a simple, straightforward, and engaging digital resource, and presents a comprehensive overview of trillions of dollars processed by the federal government each year in a user-friendly format. Users will see how much the federal government collected and spent in 2021, the source of federal funds, where the money goes, trends over time, how the U.S. compares to other countries, and more. Your Guide also clarifies common questions such as the difference between the deficit and the debt through user-friendly explanations, charts, and visualizations.
USAspending.gov and its sister site datalab.usaspending.gov promote transparency in government by providing spending data available to all citizens. Using a storytelling approach, combined with data visualizations, site visitors can dig into federal spending data across a variety of topics including homelessness analysis, competition in federal contracting, and much more.
For more information about the Guide, USAspending.gov or the DataLab, please visit datalab.usaspending.gov/Americas-finance-guide. To learn more about the Fiscal Service, visit fiscal.treasury.gov and follow us on Twitter@FiscalService.
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