What are the three largest federal programs?

What are the three largest federal programs?

As Figure A suggests, Social Security is the single largest mandatory spending item, taking up 38% or nearly $1,050 billion of the $2,736 billion total. The next largest expenditures are Medicare and Income Security, with the remaining amount going to Medicaid, Veterans Benefits, and other programs.

How much did the US government spend in 2014 how much revenue did the government take in for the same year?

In 2014, the government’s revenues increased (in nominal terms) for the fifth consecutive year, reaching $3.0 trillion, which was $247 billion, or almost 9 percent, more than revenues in 2013. In dollar terms, revenues have increased by 44 percent since 2009.

When did the 2014 federal budget come out?

Office of Management and Budget. The 2014 United States federal budget is the budget to fund government operations for the fiscal year (FY) 2014, which began on October 1, 2013 and ended on September 30, 2014.

What is the current budget of the United States?

2019 United States federal budget – $4.4 trillion (submitted 2018 by President Trump) 2018 United States federal budget – $4.1 trillion (submitted 2017 by President Trump) 2017 United States federal budget – $4.2 trillion (submitted 2016 by President Obama) 2016 United States federal budget – $4.0 trillion (submitted 2015 by President Obama)

What was the federal budget for fiscal year 2019?

In Fiscal Year 2019, the federal budget will be $4.407 trillion. The U.S. government estimates it will receive $3.422 trillion in revenue.

What are the major expenditure categories in the federal budget?

Major expenditure categories are healthcare, Social Security, and defense; income and payroll taxes are the primary revenue sources. The actual and projected budget deficit of the United States federal budget by the CBO. The United States federal budget comprises the spending and revenues of the U.S. federal government.