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CBO projects a federal budget deficit of $1.6 trillion for 2024. In the agency’s projections, deficits generally increase over the coming years; the shortfall in 2034 is $2.6 trillion. The deficit amounts to 5.6 percent of gross domestic product (GDP) in 2024, swells to 6.1 percent of GDP in 2025, and then declines in the two years that follow.
according to International Monetary Fund estimates [n 1][1] Countries by estimated nominal GDP in 2024: [n 2] > $20 trillion. $10–20 trillion. $5–10 trillion. $1–5 trillion. $750 billion – $1 trillion. $500–750 billion. $250–500 billion.
Total spending. Incoming President Barack Obama's budget request for FY 2010 totaled $3.55 trillion and was passed by Congress on April 29, 2009. Percentages in parentheses indicate percentage changes compared to FY 2009. A breakdown of Obama's budget request includes the following expenditures: [8]
The top 10% saw gross household income grow by 78%, versus 26.5% for the median. The bottom 10%, using the same measure, saw higher growth than the median (40%). [19] This graph shows the income since 1970 of different racial and ethnic groups in the United States (in 2014 dollars). [27]
Annual budget. NASA's budget for financial year (FY) 2020 is $22.6 billion. [1] It represents 0.48% of the $4.7 trillion the United States plans to spend in the fiscal year. [2] Since its inception the United States has spent nearly US$650 billion (in nominal dollars) on NASA.
Budget for FY2021. For FY2021, the Department of Defense's discretionary budget authority was approximately $705.39 billion ($705,390,000,000). Mandatory spending of $10.77 billion, the Department of Energy and defense-related spending of $37.335 billion added up to the total FY2021 Defense budget of $753.5 billion. [46]
By the fourth quarter of 2010, the household net worth had recovered by a growth of 1.3 percent to a total of $56.8 trillion. An additional growth of 15.7 percent is needed just to bring the value to where it was before the recession started in December 2007. [22] In 2014 a record breaking net worth of $80.7 trillion was achieved. [64]
Percent (%) of Total Health Care $60.3 33% K12 Education $54.2 30% Higher Education $15.4 8% Corrections and Rehab $13.9 8% Transportation $13.0 7% General Government $7.9 4% Legislative, Judicial, and Executive $6.7 4% Natural Resources $5.2 3% Environmental Protection $3.2 2% Business and Consumer Services $1.7 1% Other $1.6 1% Total: $183.3 ...