Federal Spending Chart 2016
In 2016 the budget deficit rose for the first time in a number of years totaling 587 billionabout one-third more than the 438 billion shortfall recorded in 2015.
Federal spending chart 2016. Social Security alone comprises more than a third of mandatory spending and around 23 percent of the total federal budget. The federal deficit in 2016 was 587 billion equal to 32 percent of gross domestic product. There are 18 45 surplus periods and 22 55 deficit periods.
This includes every type of federal spending from funding for discretionary programs like infrastructure improvements. Click to view Tweet. Until 1949 the two are rather balanced.
Breakdown of actual spending by function for 2014 to 2019 and pie chart for 2016 from federal budget. Federal Spending Pie Chart 2016. Presidents Proposed 2016 Budget.
In Fiscal Year 2020 federal spending was equal to 31 of the total gross domestic product GDP or economic activity of the United. Since the government spent more than it collected the deficit for 2020 was 313 trillion. Since 2001 the US.
This chart shows how President Obama proposed allocating 41 trillion in total federal spending in fiscal year 2016 an increase of more than 5 percent over the total 2015 spending level. 3 The budget deficit in 2020 was about 31 trillion the largest in US. Social programs 22 Net interest 6 Law enforcement general gov.
This chart shows where the projected 245. For a more accurate representa-tion of how your Federal income tax dollar is really spent see the large graph. Over the 119 years since 1901 including the government estimates extending through 2019 the federal budget is 89 times 75 of the time on the red deficit and only 30 times 25 on the black surplus.
Make Custom Revenue Chart Make Local Revenue Chart Make Federal Budget Chart Make Fed. Beginning in 2016 increases in spending on Social Security health care and interest on federal debt have outpaced the growth of federal revenue. 19402026 Table 71Federal Debt at the End of Year.
19762026 Table 61Composition of Outlays. February 8 2017. View Document 19683 KB.
The federal governments budget for fiscal year 2022 estimated that the fiscal year 2021 budget deficit would be almost 37 trillion. As a percentage of GDP the deficit increased from 24 percent in 2015 to 32 percent the. Pie Charts US Revenue Pie Chart Federal Revenue Pie Chart State Revenue Pie Chart State Local Revenue Pie Chart Local Revenue Pie Chart.
Mandatory spending makes up nearly two-thirds of the total federal budget. Medicare makes up an additional 23 percent of mandatory spending and 15 percent of the total federal budget. Line chart and statistics of the US federal budget history 1789-2019.
Politifact Pie Chart Of Federal Spending Circulating On The Inter Is. Data from OMB Historical Tables. Monthly Federal SpendingRevenueDeficit Charts Federal CoronavirusCOVID-19 Response.
The pie chart is headlined Look closely at this chart of federal spending It says spending on the military accounts for 57 percent of the federal dollar with other categories ranging from 1. Germany government science r d spending painting with numbers by randall bolten fed government spending for 2016 fairfax county executive proposes 3 99 painting with numbers by randall bolten. 2 Social Security retirement Medicare 41 National defense veterans foreign affairs 23 WHERE YOUR INCOME TAX MONEY REALLY GOES US.
The CBO estimated by July 2021 that the fiscal year 2021 deficit would be 3 trillion. Table 56Budget Authority for Discretionary Programs. In 2020 federal spending increased in response to the COVID-19 pandemic.
Has experienced a deficit each year. Actual Chart Wizard Make Spending Chart. Federal Deficit Trends Over Time.
Increased slowly in 2010 thru 2012 but has. In Fiscal Year 2020 the federal government collected 342 trillion in federal revenue. Site Tour Site Tour.
