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Mandatory spending of the US Federal Government in 2023. Figure A – Fiscal Year 2019 Mandatory Government Spending Breakdown as a percentage of total expected expenditures. Data from U.S. Office of Management and Budget archives.
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 .
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.
In fiscal year 2024, the government collected $4.92 trillion in revenue, slightly up from $4.44 trillion in 2023. Despite this increase, federal spending is outpacing the money coming in.
The Senate approved a slimmed-down, temporary government spending plan early Saturday morning, averting a shutdown of the federal government. The legislation now goes to President Joe Biden for ...
Congress is allocating more than $100 billion in emergency aid designed to address extensive damage caused by disasters after this week's scramble to find consensus on a government spending bill ...
Under the United States budget process established in 1921, the US government is funded by twelve appropriations bills that are formed as a response to the presidential budget request submitted to congress in the first few months of the calendar year. The various legislators in the two chambers of congress negotiate over the precise details of ...
The following is a breakdown of the 2025 costs for parts A and B. Note that these prices reflect an increase in costs from 2024 to 2025, ... In terms of government spending, Medicare spending is ...