how much does the federal government spend every year?
47088
In fiscal year 2015, the federal budget is $3.8 trillion. These trillions of dollars make up about 21 percent of the U.S. economy (as measured by Gross Domestic Product, or GDP). It's also about $12,000 for every woman, man and child in the United States.
962601
The federal government collected revenues of $3.5 trillion in 2019—equal to about 16.3 percent of gross domestic product (GDP) (figure 2).
941677
In 2017, the United States spent about $3.5 trillion, or 18 percent of GDP, on health expenditures – more than twice the average among developed countries. Of that $3.5 trillion, $1.5 trillion, is directly or indirectly financed by the federal government.
1197429
Net federal government saving, defined as the difference between NIPA estimates of current receipts and current expenditures, is −$1,110.8 billion for 2019 and −$1,094.0 billion for 2020.
1128448
How Much Does SNAP Cost? In fiscal year 2018, the federal government spent $68 billion on SNAP and other related food assistance programs.
453809
The average American's monthly expenses: $5,102 The average monthly spending of one consumer unit in 2018 was $5,102. That means the average American budget is $61,224 -- a 1.9% increase from 2017.
383820
Every day, millions of people interact with the Federal Government. Americans expect and deserve these experi- ences to be simple, fast, and helpful. The President proposes to spend nearly $95.7 billion for Information Technology to help make this expectation a reality.
339384
In FY 2018, the Medicare program cost $582 billion — about 14 percent of total federal government spending. After Social Security, Medicare was the second largest program in the federal budget last year.
1318226
How much is your community spending on police? According to the US Census of Governments, state and local governments spent $115 billion on police in 2017 (the latest year for which comprehensive data are available).
1343728
Creating the national budget for the fiscal year is a process that begins with the presidential budget. The federal budget for the 2020 fiscal year was set at $4.79 trillion.
1051294
In fiscal year 2019, the federal government spent $4.4 trillion, amounting to 21 percent of the nation's gross domestic product (GDP). Of that $4.4 trillion, over $3.5 trillion was financed by federal revenues. The remaining amount ($984 billion) was financed by borrowing.
411168
During FY2019, the federal government spent $4.45 trillion, up $338 billion or 7.1% vs. FY2018 spending of $4.11 trillion.
844140
The data are presented by type of service, sources of funding, and type of sponsor. U.S. health care spending grew 4.6 percent in 2018, reaching $3.6 trillion or $11,172 per person. As a share of the nation's Gross Domestic Product, health spending accounted for 17.7 percent.
929344
The chief way the government gets the money it spends is through taxation. Figure 1 shows the relative sizes of sources of federal government tax revenues. Forty-five percent of federal tax revenue comes from individuals' personal income taxes. Another 39 percent comes from Social Security and Medicare withholdings.
635110
The federal government spent nearly $910 billion on Social Security benefits in 2016. Together, Social Security's programs account for nearly one-quarter of all federal spending in 2016. Social Security is the largest among the three major entitlement programs.
265297
How much does the federal government spend on health care? The federal government spent nearly $1.2 trillion in fiscal year 2019. In addition, income tax expenditures for health care totaled $234 billion. The federal government spent nearly $1.2 trillion on health care in fiscal year 2019 (table 1).
424134
Thanks to information the government collects on consumer spending, you can. According to the latest figures from the Bureau of Labor Statistics, the typical U.S. household spent $60,060 in 2017 and had an average income of $73,573 before taxes. Spending was up 4.8% from 2016, even as pretax incomes fell 1.5%.