How much did the US government spend in 2013?
$3.803 trillion
2013 United States federal budget
| Submitted | February 13, 2012 |
|---|---|
| Total expenditures | $3.803 trillion (requested) $3.45 trillion (actual) 20.8% of GDP (actual) |
| Deficit | $901 billion (requested) 5.5% of GDP $680 billion (actual) 4.1% of GDP (actual) |
| Debt | $16.72 trillion (at fiscal end) 100.8% of GDP |
| GDP | $16.582 trillion |
What was the budget deficit in 2013?
$680 billion
The federal budget deficit grew during the 2008–2009 recession and began to shrink soon afterward. However, at $680 billion, it was still larger in 2013 than in 2008. As a percentage of gross domestic product (GDP), the deficit in 2013 was also larger than the average of the past 40 years.
Does the OMB prepare the budget?
10.8 What are the responsibilities and functions of OMB? OMB’s predominant mission is to assist the President in overseeing the preparation of the President’s Budget and to supervise its administration by the Executive Branch agencies.
What is the largest program the government spends money on 2013?
Social Security is the largest federal spending program and has held this position since surpassing defense in 1993. Medicare is one of the largest and fastest-growing programs in the entire federal budget.
What was the US deficit in 2014?
$483 billion
In fiscal year 2014, which ended on September 30, the federal budget deficit totaled $483 billion—$197 billion less than the shortfall in 2013.
What was the federal budget for the fiscal year 2012?
2012 United States federal budget
| Submitted | February 14, 2011 |
|---|---|
| Total expenditures | $3.729 trillion (requested) $3.537 trillion (actual) 22.1% of GDP (actual) |
| Deficit | $1.101 trillion (requested) 7.0% of GDP $1.087 trillion (actual) 6.8% of GDP (actual) |
What was the US deficit in 2012?
$1.101 trillion
Total revenues and spending The Obama administration’s budget request contained $2.627 trillion in revenues and $3.729 trillion in outlays (expenditures) for 2012, for a deficit of $1.101 trillion.
Which programs get funded the most by the budget?
Nearly 60 percent of mandatory spending in 2019 was for Social Security and other income support programs (figure 3). Most of the remainder paid for the two major government health programs, Medicare and Medicaid.
What is the US defense budget?
On March 28, 2022, the Biden-Harris Administration submitted to Congress a proposed Fiscal Year (FY) 2023 Budget request of $813.3 billion for national defense, $773.0 billion of which is for the Department of Defense (DoD).
How much did the government spend in 2021?
$6.82 trillion
In 2021, the federal government spent $6.82 trillion.
Where does most of the US budget go?
More than half of FY 2019 discretionary spending went for national defense, and most of the rest went for domestic programs, including transportation, education and training, veterans’ benefits, income security, and health care (figure 4).
What was the US deficit in 2017?
$665 billion
2017 United States federal budget
| Submitted | February 9, 2016 |
|---|---|
| Deficit | $503 billion (requested) $665 billion (actual) 3.5% of GDP |
| Debt | $20.24 trillion (actual) 105.5% of GDP |
| GDP | $19.177 trillion (actual) |
| Website | Office of Management and Budget |
What was the budget cut for the military in 2013?
It cut $85 billion from the FY 2013 budget as follows: A 7.5 percent cut in military spending, totaling $54.7 billion. A 2 percent cut to Medicare provider reimbursements. An 8 percent cut to all other Mandatory budgets. An 8.4 percent cut to all other non-military Discretionary budgets.
The budget included 2013 revenues of $2.9 trillion or 17.8% GDP (up from $2.5 trillion or 15.8% GDP in 2012) and spending of $3.8 trillion or 23.3% GDP (similar to the prior year in dollar terms but below the 24.3% GDP in 2012). The projected 2013 deficit was $900 billion (5.5% GDP), down from the 2012 deficit of $1.3 trillion (8.5% GDP).
What happened to the president’s FY 2013 budget?
The president’s FY 2013 budget was designed to guide U.S. government spending for that fiscal year (Oct. 1, 2012-Sept. 30, 2013). Instead, tea party Republicans resisted the normal budget process, so it was never approved. Here’s what happened instead.
What was the US budget deficit in 2013?
In FY 2013, the budget deficit was estimated to be $902 billion, but thanks to sequestration, it only came in at $679 billion. This was the first time it was less than $1 trillion since Obama took office. To compare U.S. budget deficits through history, see Deficit by President and Deficit by Year.