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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."
Discretionary spending is spending that is not mandated on a multi-year basis by existing legislation, and thus must be determined anew in each year's budget. Discretionary spending is used to fund the Cabinet Departments (e.g., the Department of Education) and Agencies (e.g., the Environmental Protection Agency), although these are often the ...
The spending agreement also includes a one-year extension of the farm bill – a sweeping package that governs many agricultural and nutrition assistance programs.
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....
Global map of total central government revenues, as share of GDP, 2022 [1] Global map of total central government expenditures, as share of GDP, 2022 [2] This is the list of countries by government budget. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1.
A government budget is a projection of the government's revenues and expenditure for a particular period, often referred to as a financial or fiscal year, which may or may not correspond with the calendar year. Government revenues mostly include taxes (e.g. inheritance tax, income tax, corporation tax, import taxes) while expenditures consist ...