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Deficit. $3.132 trillion (actual)[1] 15.0% of GDP[1] Website. BUDGET OF THE U.S. GOVERNMENT. ‹ 2019. 2021›. The United States federal budgetfor fiscal year2020 ran from October 1, 2019 to September 30, 2020. The government was initially funded through a series of two temporary continuing resolutions.
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 ] This government total excludes spending by "government enterprises" which sell goods and services "to households and businesses in a market transaction."
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 federal debt at the end of the 2018/19 fiscal year (ended September 30, 2019) was $22.7 trillion (~$27.1 trillion in 2023). The portion that is held by the public was $16.8 trillion. Neither figure includes approximately $2.5 trillion owed to the government. [ 83] Interest on the debt was $404 billion.
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.
Track Your Spending. Kullberg suggested a thorough approach to budgeting: “Track your spending for a few months to see if you can maintain your current lifestyle without dipping into savings or ...
The 2020 United States presidential election was the 59th quadrennial presidential election, held on Tuesday, November 3, 2020. [ a ] The Democratic ticket of former vice president Joe Biden and the junior U.S. senator from California Kamala Harris defeated the incumbent Republican president , Donald Trump , and vice president , Mike Pence . [ 9 ]
The proposed 2018 budget includes $54 billion in cuts to federal departments, and a corresponding increase in defense and military spending. [ 11][ 12] Includes the elimination of food for education and water and wastewater loan programs. Decreases funding for the United States Forest Service by $118 million.