At the same time that it was collecting this record $1,516,952,000,000 in taxes in the first four months of fiscal 2022, the federal government was spending $1,775,947,000,000. This resulted in a deficit of $258,995,000,000.

The $1,775,947,000,000 that the federal government spent in the first four months of this fiscal year was the second-most it has every spent in that period. The most spending the federal government ever did in the first four months of the fiscal year occurred last year (fiscal 2021), when federal outlays hit $2,067,646,200,000 (in constant January 2022 dollars).