Search results
Results From The WOW.Com Content Network
Federal government spending pays for everything from Social Security and Medicare to military equipment, highway maintenance, building construction, research, and education. This spending can be broken down into two primary categories: mandatory and discretionary.
The FY 2022 federal budget proposal was over $6 trillion, with an estimated revenue of about $4.2 trillion, creating a deficit worth about $1.9 trillion.
This pie chart shows the breakdown of $7 trillion in combined discretionary, mandatory, and interest spending budgeted by Congress in fiscal year 2020. This year looks different from previous years, thanks to spending on the COVID-19 response.
The federal deficit in 2022 was $1.4 trillion, equal to 5.5 percent of gross domestic product, almost 2 percentage points greater than the average over the past 50 years.
We track how federal money is spent in communities across America and beyond. Learn more about government spending through interactive tools that explore elements of the federal budget, such as federal loan, grant, and contract data.
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.
Federal spending decreased by 8.4% in FY 2023, the second year of decreased spending since a record high in FY 2021. Federal revenue in FY 2023 was $13,341 per person and spending was $18,406. The federal government spent 38.0% more than it collected in FY 2023, resulting in a $1.7 trillion deficit.
THE BUDGET DOCUMENTS. Budget of the United States Government, Fiscal Year 2024 contains the Budget Message of the . President, information on the President’s priorities, and summary...
The Budget invests directly in the American people and will strengthen our Nation’s economy and improve our long-run fiscal health. It reforms our broken tax code to reward work instead of
View CBO’s budget infographics to see how much the federal government spent and took in during fiscal year 2022, as well as broader trends in the budget over the past few decades. Report The Budget and Economic Outlook: 2023 to 2033