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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. [15] As of the fiscal year 2019 budget approved by Congress, national defense is the largest discretionary expenditure in the federal budget . [ 14 ]
This is currently over half of U.S. government spending, the remainder coming from state and local governments. During FY2022, the federal government spent $6.3 trillion. Spending as % of GDP is 25.1%, almost 2 percentage points greater than the average over the past 50 years.
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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. 2024 United States federal budget – $6.9 trillion ...
Mandatory spending: The budget cuts mandatory spending by a net $2.033 trillion (T) over the 2018–2027 period. This includes reduced spending of $1.891T for healthcare, mainly due to the proposed repeal and replacement of the Affordable Care Act (ACA/Obamacare); $238 billion (B) in income security ("welfare"); and $100 billion in reduced ...
The monitoring of federal spending and taxation and its variation between states in the United States began in 1977 under a query run by Daniel Patrick Moynihan, Democratic senator of New York. The query was designed to determine whether the state of New York was paying more in taxes than it was receiving in federal spending.
The total requested military budget of the United States for 2007 was $699 billion. U.S. Military Budget [12] - DoD Base Spending: The U.S. Department of Defense (DoD) has the single largest budget of any government agency in the discretionary budget. This department is responsible for the four branches - the Army, Air Force, Navy and Marine Corps.
Death and Taxes: 2009 Archived 2010-08-19 at the Wayback Machine A graphical representation of the 2009 United States federal discretionary budget, including the public debt. United States – Deficit versus Savings rate from 1981 Historical graphical representation of the 12 month rolling Fiscal deficit versus the Savings rate of the United ...