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The United States federal budget for fiscal year 2023 ran from October 1, 2022, to September 30, 2023. The government was initially funded through a series of three temporary continuing resolutions. The final funding package was passed as an omnibus spending bill, the Consolidated Appropriations Act, 2023.
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. The government primarily spends on healthcare, retirement, and defense programs.
The US government's Bureau of Economic Analysis as of Q3 2023 estimates $10,007.7 billion in annual total government expenditure and $27,610.1 billion annual total GDP which is 36.2%. [1] This government total excludes spending by "government enterprises" which sell goods and services "to households and businesses in a market transaction."
e. On January 19, 2023, the United States hit its debt ceiling, leading to a debt-ceiling crisis, part of an ongoing political debate within Congress about federal government spending and the national debt that the U.S. government accrues. [1][2] In response, Janet Yellen, the Secretary of the Treasury, began enacting temporary "extraordinary ...
Breakdown of discretionary outlays of US Federal Government for 2023. FY 2013 Estimated Federal Spending per 2012 Budget Federal funding of science and technology research by year. The spike in 2009 is due to the American Reinvestment and Recovery Act. [57]
The Department of Education is administered by the United States secretary of education. It has 4,400 employees – the smallest staff of the Cabinet agencies [5] – and an annual budget of $68 billion. [6] The President's 2023 Budget request is for $88.3 billion, which includes funding for children with disabilities (IDEA), pandemic recovery ...
The Consolidated Appropriations Act, 2023 is a $1.7 trillion omnibus spending bill funding the U.S. federal government for the 2023 fiscal year. [1][2] It includes funding for a range of domestic and foreign policy priorities, including support for Ukraine, defense spending, and aid for regions affected by natural disasters.
The United States House Committee on the Budget, commonly known as the House Budget Committee, is a standing committee of the United States House of Representatives.Its responsibilities include legislative oversight of the federal budget process, reviewing all bills and resolutions on the budget, and monitoring agencies and programs funded outside of the budgetary process.