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The United States 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.
The United States budget process is the framework used by Congress and the President of the United States to formulate and create the United States federal budget. The process was established by the Budget and Accounting Act of 1921, [ 1] the Congressional Budget and Impoundment Control Act of 1974, [ 2] and additional budget legislation.
Federal spending per capita (that is, per person in the U.S.) was approximately $11,551 during 2011, versus $6,338 in 2000. Adjusted for inflation, these amounts were $5,133 in 2011 and $3,496 in 2000. Adjusted for inflation, federal spending per person remained around $3,500 throughout the 1990s.
Total government spending. The US government's Bureau of Economic Analysis as of Q3 2023 estimates $10,007.7 billion in annual total government expenditure and $27,610.1 billion annual total GDP which is 36.2%. [ 1]
2020 ›. The United States federal budget for fiscal year 2019 ran from October 1, 2018, to September 30, 2019. Five appropriation bills were passed in September 2018, the first time five bills had been enacted on time in 22 years, with the rest of the government being funded through a series of three continuing resolutions.
View history; Tools. Tools. move to sidebar hide. ... Download as PDF; Printable version; Appearance. ... 1992 United States federal budget; 1993 United States ...
GDP. $13.685 trillion [6] Website. Office of Management and Budget. ‹ 2005. 2007 ›. The 2006 United States Federal Budget began as a proposal by President George W. Bush to fund government operations for October 1, 2005 – September 30, 2006 . The requested budget was submitted to the 109th Congress on February 7, 2005.
59.7% of GDP [5] GDP. $11.33 trillion [4] Website. Office of Management and Budget. ‹ 2002. 2004 ›. The 2003 United States Federal Budget began as a proposal by President George W. Bush to fund government operations for October 1, 2002 – September 30, 2003 . The requested budget was submitted to the 107th Congress on February 4, 2002.