Jun 24, 2022 · The FY 2022 federal budget proposal was over $6 trillion, with an estimated revenue of about $4.2 trillion, creating a deficit worth about $1.9 trillion.

The total federal budget of the United States has recently run about $4 trillion or more each year. In 2020, the total federal budget ran much higher, at $7 trillion, because of all of the steps the government took to address the COVID-19 pandemic.

1 day ago · In FY 2024 government spending equated to roughly $0 out of every $10 of the goods produced and services provided in the United States. The federal government spends money on a variety of goods, programs, and services that support the …

Jan 28, 2025 · In fiscal year 2024, the federal government spent $6.9 trillion, amounting to 24 percent of the nation’s gross domestic product (GDP), according to the June 2024 estimates of the Congressional Budget Office (CBO).

The federal government collected nearly $4.5 trillion in revenue in fiscal year 2023 (FY 2023). The federal government spent almost $6.2 trillion in FY 2023, including funds distributed to states. Federal revenue decreased 15.5% in FY 2023 but remained almost 8% higher than in FY 2019.

Nov 1, 2024 · Below, we show the U.S. government’s total receipts by source and outlays by function for the fiscal year 2024. The U.S. government is currently running a significant deficit of $1.83 trillion, an increase of $138 billion from fiscal year 2023.

Aug 1, 2024 · The largest spending categories in the $6.16 trillion federal budget in 2023 were Social Security at 22% of the budget ($1.35 trillion), national defense and veteran support at 18% ($1.13 trillion), transfers to states at 18% ($1.09 trillion), and Medicare at 14% ($848 billion).

During FY2022, the federal government spent $6.3 trillion. Spending as % of GDP is 25.1%, almost 2 percentage points greater than the average over the past 50 years.

During FY2022, the federal government spent $6.3 trillion. Spending as % of GDP is 25.1%, almost 2 percentage points greater than the average over the past 50 years.

U.S. federal government spending has allocated funds across various categories over the past eight fiscal years (2016–2023). The discretionary budget, determined by Congress through the appropriations process, is allocated for various programs each year, including national defense, education, and transportation.