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The budget for fiscal year 2020 ran from October 1, 2019 to September 30, 2020 and had a deficit of $3.132 trillion. It included funding for the COVID-19 pandemic, the Mexico–United States barrier, and science research, among other initiatives.
Learn about the spending and revenues of the U.S. federal government, the budget process, and the challenges and debates over the deficit and debt. See historical and projected data, charts, and sources from various government agencies.
Learn about the different components and categories of federal, state and local government spending in the US, as well as its historical trends and comparisons. Find out how mandatory, discretionary and defense spending are determined and funded by Congress and the president.
An omnibus spending bill is a type of bill in the United States that packages many of the smaller appropriations bills into one larger single bill that can be passed with only one vote in each house of Congress. Learn about the history, process, types, and criticism of omnibus bills, and see examples of recent and past omnibus bills.
Learn about the major categories and trends of federal spending in the U.S., such as mandatory programs, discretionary spending, and interest costs. Find out which of the following is a major spending category of the federal government: healthcare, Social Security, defense, or interest.
Learn how Congress and the President formulate and create the federal budget, which is the framework for spending and revenue plans. The web page explains the roles of the President, the Office of Management and Budget, the Congressional Budget Office, and the budget committees.
Mandatory spending, also known as entitlement spending, is government spending on certain programs that are required by law. It accounts for about 60 percent of the federal budget and includes Social Security, Medicare, Medicaid, and other social welfare programs.
As an added bonus, the bottom of the template includes a colorful doughnut chart that details a percentage breakdown of your monthly expenses. 6. Free Green Family Monthly Budget Template From ...