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Figure C – Historical Defense Spending, 1970-2019. Data from the United States Office of Management and Budget archives. National defense spending is any government spending attributable to the maintenance and strengthening of the United States Armed Forces, including the Army, Navy, Marines, and the Air Force. [14]
Mandatory spending of the US Federal Government in 2023. Table compares US federal spending and revenue in 2018 vs. 2017 using CBO historical data. [ 13 ] Historical and projected US Federal Government revenues and spending from 2018 GAO financial report Medicare & Social Security.
During FY2018, the federal government spent $4.11 trillion, up $127 billion or 3.2% vs. FY2017 spending of $3.99 trillion. Spending increased for all major categories and was mainly driven by higher spending for Social Security, net interest on the debt, and defense. Spending as % GDP fell from 20.7% GDP to 20.3% GDP, equal to the 50-year average.
In fiscal year 2024, the government collected $4.92 trillion in revenue, slightly up from $4.44 trillion in 2023. Despite this increase, federal spending is outpacing the money coming in.
This is a list of U.S. state government budgets as enacted by each state's legislature.. 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).
Spending on contracting and supplies is the second-biggest major spending group for the federal government, according to usaspending.gov. More than $1.1 trillion was spent on deals negotiated by ...
The United States Federal Budget for Fiscal Year 2000, was a spending request by President Bill Clinton to fund government operations for October 1999-September 2000.Figures shown in the spending request do not reflect the actual appropriations for Fiscal Year 2000, which must be authorized by Congress.
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.