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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] Discretionary spending is spending that is not mandated on a multi-year basis by existing legislation, and thus must be determined anew in each year's budget.
However, federal spending increased relative to state and local spending as a result of World War I and World War II, and by the 1930s, state and local government spending accounted for less than one half of government spending. By 2019, federal spending was more than 20% of GDP, while state and local spending hovered around 17% of GDP.
Annual U.S. spending 1930–2014 alongside U.S. GDP for comparison Federal, state, and local spending history Federal budget 2022 Federal budget outlays by percentage Revenue and Spending of the Federal Government History Taxes revenue by source chart history Federal spending vs revenue
Printable version; Page information; Get shortened URL; ... English: Pie chart of US Federal spending in FY 2021, from CBO data. Date: 19:19, 12 February 2023 (UTC)
Despite this increase, federal spending is outpacing the money coming in. In 2024, the government has spent $6.75 trillion, leaving the nation with a $1.83 trillion deficit in just one year.
The 2009 spending level was the highest relative to GDP in 40 years, while the tax receipts were the lowest relative to GDP in 40 years. The next highest spending year was 1985 (22.8%), while the next lowest tax year was 2004 (16.1%). [48]
"Hi Morgan. Can you write an article showing how the federal budget spending and taxes have changed in the last 30 years?" -- Reader Mike M. Yes! I dug through historical data from the Office of ...
0–9. 1992 United States federal budget; 1993 United States federal budget; 1994 United States federal budget; 1995 United States federal budget; 1996 United States federal budget