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Federal budget 2022. The United States federal budget for fiscal year 2022 ran from October 1, 2021, to September 30, 2022. The government was initially funded through a series of four temporary continuing resolutions. The final funding package was passed as an omnibus spending bill, the Consolidated Appropriations Act, 2022.
Consolidated Appropriations Act, 2022 is a $1.5 trillion omnibus spending bill passed by the 117th United States Congress on March 14, 2022 and signed into law by President Joe Biden the following day. [1] [2] The law includes $13.6 billion in aid to Ukraine as part of the United States' response to the 2022 Russian invasion of Ukraine. [1] [2]
In the table, the fiscal years column lists all of the fiscal years the budget covers and the budget and budget per capita columns show the total for all those years. 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 ...
The CMS saw an increase in approvals for financial aid from the Act (90% of consumers compared to 2021's 85%, meaning the Act and ARP helped roughly 14.72 million people in calendar year 2022) and estimated national averages of $824 per year and 46% in IRA savings on premiums, in addition to finding that 1.4 million people making up to four ...
The National Defense Authorization Act for Fiscal Year 2022 (S. 1605; NDAA 2022, Pub.L. 117-81) is a United States federal law which specifies the budget, expenditures and policies of the U.S. Department of Defense (DOD) for fiscal year 2022. Analogous NDAAs have been passed annually for 60 years.
A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
In the fiscal year 2022, the federal government brought in $4.90 trillion but spent $6.27 trillion, with a net budget deficit of $1.38 trillion (the fourth-highest of the 21st century). In addition, it has run deficits every year since 2001, when it last ran a surplus. [18] Financing a deficit requires that the government borrow money. [19]
[1]: 61 The deadline could be the start of the next fiscal year, October 1, or it could be some other deadline when appropriations would otherwise run out (such as a deadline set by a continuing resolution). The fiscal year of the United States is the 12-month period beginning on October 1 and ending on September 30 of the next calendar year. [2]