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The 2011 budget included estimated spending for 2010, shown in the graph at right for selected departments and agencies with over $10 billion in budget authority. Funding for the Department of Defense is mostly discretionary, but is excluded from this total and analyzed separately in this article.
As of the fiscal year 2019 budget approved by Congress, national defense is the largest discretionary expenditure in the federal budget. [13] Figure C provides a historical picture of military spending over the last few decades. In 1970, the United States government spent just over $80 billion on national defense.
According to Central Intelligence Agency, "budget surplus (+) or deficit (-) records the difference between national government revenues and expenditures, expressed as a percent of GDP. A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit).
As the co-heads of the newly created Department of Government Efficiency, or DOGE, billionaires Elon Musk and Vivek Ramaswamy are promising to slash at least $2 trillion from the federal budget.
WASHINGTON (Reuters) -The U.S. government posted a rare August surplus of $89 billion due to a $319 billion reversal of costs from President Joe Biden's student loan forgiveness plan after the ...
The United States budget comprises the spending and revenues of the U.S. federal government.The budget is the financial representation of the priorities of the government, reflecting historical debates and competing economic philosophies.
Pandemic-era federal ... largest economy in the world if we were a nation — Florida must consider a long-term strategy. The state Legislature should invest some of our record budget surplus to ...
A number of states have a two-year or three year budget (e.g.: Kentucky) while others have a one-year budget (e.g.: Massachusetts). In the table, the fiscal years column lists all of the fiscal years the budget covers and the budget and budget per capita columns show the total for all those years.