Federal Spending: Where Does the Money Go Federal Budget 101. Facebook Twitter. In fiscal year 2015, the federal budget is $3.8 trillion. ... This pie chart shows the breakdown $3.8 trillion in combined discretionary, mandatory, and interest spending budgeted by Congress in fiscal year 2015. Download Image.
In February 2018, President Trump released his budget proposal for f iscal year 2019. Under his proposal, the federal budget would be $4.407 trillion. The U.S. government estimates it will receive $3.422 trillion in revenue, creating a $985 billion deficit for October 1, 2018, through September 30, 2019.
The federal government's budget deficit for fiscal year 2011 was $1.3 trillion; at 8.7% of gross domestic product (GDP), that deficit was the third-largest shortfall in the past 40 years. (GDP is the sum of all income earned in the domestic production of goods and services.
The United States federal budget comprises the spending and revenues of the U.S. federal government. The budget is the financial representation of the priorities of the government, reflecting historical debates and competing economic philosophies. The government primarily spends on healthcare, retirement, and defense programs.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site. ... Fiscal Year 2019 — Department of Labor Budget in Brief (PDF) The President's Budget for Fiscal Year 2019. View the President's Budget for Fiscal Year 2019; Information Technology (IT) Resource Statement.
Mid-Session Review FY 2019 Addendum to the President’s FY19 Budget to Account for the Bipartisan Budget Act of 2018 An American Budget – President’s Budget FY 2019 Major Savings and Reforms ...
On May 23, the Trump administration released his full 2018 budget proposal, which details many of the changes the president wants to make to the federal government’s spending.
Federal Budget, Federal Tax The Center on Budget and Policy Priorities is a nonprofit, nonpartisan research organization and policy institute that conducts research and analysis on a range of government policies and programs.
The federal budget deficit rises substantially, boosting federal debt to nearly 100 percent of GDP by 2028. Blog Post. CBO Releases Updated Budget Infographics for 2017. March 5, 2018.
What are the biggest federal programs? The three biggest federal programs are health care (including Medicare and Medicaid), pensions (including Social Security), and Defense. ... See FEDERAL BUDGET breakdown and estimated vs. actual. MILITARY SPENDING details, budget and history. ENTITLEMENT SPENDING history. See BAR CHARTS of spending, debt.