How much did the US government spend in 2014?
How much did the US government spend in 2014?
How much did the US government spend in 2014?
2014 United States federal budget
| Submitted | April 10, 2013 |
|---|---|
| Total expenditures | $3.77 trillion (requested) $3.506 trillion (actual) 20.3% of GDP (actual) |
| Deficit | $744 billion (requested) 4.4% of GDP (requested) $484.6 billion (actual) 2.8% of GDP (actual) |
| Debt | $17.79 trillion (at fiscal end) 103.2% of GDP |
| GDP | $17.244 trillion |
How much revenue did the government get in 2014?
U.S. Tax Revenue by Year
| Fiscal Year | Revenue |
|---|---|
| FY 2015 | $3.25 trillion |
| FY 2014 | $3.02 trillion |
| FY 2013 | $2.77 trillion |
| FY 2012 | $2.45 trillion |
How much money did the federal government spend in 2015?
In fiscal year 2015, the federal budget is $3.8 trillion. These trillions of dollars make up about 21 percent of the U.S. economy (as measured by Gross Domestic Product, or GDP). It’s also about $12,000 for every woman, man and child in the United States.
How much did the federal government spend in 2013?
The federal government spent $3.1 trillion in the states during its 2013 fiscal year.
Where did most of the government’s income come from?
Federal Budget. What are the sources of revenue for the federal government? About 50 percent of federal revenue comes from individual income taxes, 7 percent from corporate income taxes, and another 36 percent from payroll taxes that fund social insurance programs (figure 1).
Which of the following accounted for the highest percentage of federal government spending in the United States in 2013?
Benefits payments to individuals accounted for 61 percent of federal spending in the states in fiscal 2013. Retirement and nonretirement benefits accounted for more than half of all federal spending in the states in fiscal 2013.