How has DoD spending changed over the years, adjusted for the prices the government pays?
Obligations (adjusted for government prices) by fiscal year across all loaded years: from $491.71B (2023) to $353.32B (2026). FY2026 is still in progress (data through 2026-09-29).
| Fiscal year | Obligations |
|---|---|
| 2023 | $491.71B |
| 2024 | $469.51B |
| 2025 | $501.69B |
| 2026 | $353.32B |
Open the full answer with chart and filters →
How to read this
- Adjusted for the prices governments pay: amounts are in the latest complete fiscal year's dollars using BEA's price index for what the federal government buy (consumption expenditures and gross investment: pay, contracts, equipment, buildings), averaged over each fiscal year's quarters; not the consumer price index.
- Amounts are obligations (money committed), not outlays (money paid).
- FY2026 is not complete: data as of 2026-09-29.
- No year given: covers FY2023–FY2026.
- Recent defense contracts are undercounted: DoD publishes contract actions with about a 90-day delay, so amounts after 2026-07-01 are incomplete or missing.