How much did the US spend in 2009?
2009 United States federal budget
| Submitted | February 4, 2008 |
|---|---|
| Total expenditures | $3.107 trillion (estimated) $3.518 trillion (actual) 24.4% of GDP (actual) |
| Deficit | $407 billion (requested) $1.413 trillion (actual) 9.8% of GDP (actual) |
| Debt | $11.876 trillion (at fiscal end) 82.4% of GDP |
| GDP | $14.415 trillion |
How much did the government spend in 2007?
2007 United States federal budget
| Submitted | February 6, 2006 |
|---|---|
| Total revenue | $2.416 trillion (requested) $2.568 trillion (actual) 17.9% of GDP (actual) |
| Total expenditures | $2.77 trillion (requested) $2.729 trillion (actual) 19.1% of GDP (actual) |
| Deficit | $354 billion (requested) $160.7 billion (actual) 1.1% of GDP (actual) |
What percentage of the federal budget went to mandatory spending 2007?
Outlays
| Outlays | ||
|---|---|---|
| Defense | Other Mandatory | |
| 2001-2007 | 3.6% | 2.4% |
| 2008-2014* | 4.2% | 3.3% |
| 2015-2024* | 2.9% | 2.5% |
How much money does the US have in total?
The financial position of the United States includes assets of at least $269.6 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP) as of Q1 2014.
What percent of the US budget goes to welfare?
The exclusively federal share of spending on these federal programs is up 32 percent since 2008, and now comprises 21 percent of federal outlays (this share too is more than Social Security, Medicare, or defense).
How much of US budget goes to social programs?
In 2019, major entitlement programs—Social Security, Medicare, Medicaid, Obamacare, and other health care programs—consumed 51 percent of all federal spending, larger than the portion of spending for other national priorities (such as national defense) combined.
What percent of US budget goes toward mandatory spending today?
Mandatory expenditures, such as Social Security, Medicare, and the Supplemental Nutrition Assistance Program, account for about 65% of the budget. Budget expenditures exceed federal revenues by $1.873 trillion for FY 2022. Most of these revenues come from taxes and earnings from quantitative easing.
What was the budget for the United States in 2008?
The President’s budget for 2008 totals $2.9 trillion. Percentages in parentheses indicate percentage change compared to 2007. This budget request is broken down by the following expenditures: Mandatory spending: $1.788 trillion (+4.2%) $608 billion (+4.5%) – Social Security.
What is the budget of the United States federal government?
Budget of the U.S. federal government. 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.
How much did the US budget deficit increase in FY 2018?
The $984 billion actual results represents a $374 billion or 61% increase versus that forecast, driven mainly by tax cuts and additional spending. Similarly, the FY 2018 budget deficit of $779 billion was a $292 billion or 60% increase versus that forecast.
What is the US government spending and revenue for 2020?
2020 US Federal Revenues and Outlays CBO: U.S. Federal spending and revenue components for fiscal year 2020. Major expenditure categories are healthcare, Social Security, and defense; income and payroll taxes are the primary revenue sources. The actual and projected budget deficit of the United States federal budget by the CBO.