During FY 2023, the federal
government spent $6.13 trillion. Federal revenue was $4.44T.
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.
Major
categories of FY 2022 spending included: Medicare and Medicaid ($1,339B or 5.4%
of GDP), Social Security ($1.2T or 4.8% of GDP), non-defense discretionary
spending used to run federal Departments and Agencies ($910B or 3.6% of GDP),
Defense Department ($751B or 3.0% of GDP), and net interest ($475B or 1.9% of
GDP).
https://en.wikipedia.org/wiki/Expenditures_in_the_United_States_federal_budget#:~:text=Major
US Government Revenue Source
2021
Individual Income Taxes
$2.044T
Social Security and Medicare
Taxes 1.247T
Corporate Income Tax $372B
Misc Revenue $133B
Custom Duties $80B
Excise Taxes $75B
UC Insurance $57B
Estate and Gift Taxes $27B
Other Retirement $10B
Total $4.045T
U.S.
Government Spending Category2021 Amount ($B)
Income
security $1,649
Social
security $1,135
Health
$797
National
defense $755
Medicare
$697
Net
interest $352
Commerce
and housing credit $304
Education$297
General
government $270
Veterans
benefits $234
Total $6,820
https://www.visualcapitalist.com/cp/us-federal-spending-versus-revenue-2021/
FY Spending Revenue Debt Cause
2023 6.13T
4.44T 1.69T climate change
2022 6.3T
4.9T
1.23T climate
change
2021 6.820T
4.045T 0.8T Afghanistan
2020 6.552T
3.420T 3.132T covid
2019 4.45T
3.5T 0.95T military
2018 4.094T
3.4T 0.694T military
2017 4.0T 3.4T 0.6T military
https://www.statista.com/statistics/200405/receipts-of-the-us-government-since-fiscal-year-2000/
Norb Leahy, Dunwoody GA Tea Party Leader
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