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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 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."
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.
NEW YORK (Reuters) -U.S. healthcare spending rose by 7.5% to $4.9 trillion in 2023, driven by increased use of medical services as enrollment climbed for private health plans, particularly those ...
Note that a fiscal year is named for the calendar year in which it ends, so "2022-23" means two fiscal years: the one ending in calendar year 2022 and the one ending in calendar year 2023. Figures do not include state-specific federal spending, or transfers of federal funds.
Congressional leaders have tentatively reached an agreement to prevent a government shutdown ahead of the Friday deadline while also funding the federal government through the end of fiscal 2023....
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] Discretionary spending is spending that is not mandated on a multi-year basis by ...
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.