How much did the government spend in 2012?
2012 United States federal budget
| Submitted | February 14, 2011 |
|---|---|
| Total revenue | $2.627 trillion (requested) $2.45 trillion (actual) 15.3% of GDP (actual) |
| Total expenditures | $3.729 trillion (requested) $3.537 trillion (actual) 22.1% of GDP (actual) |
How much did the government spend in 2013?
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 |
How much does the Australian government spend every year?
| Australia | Last | Reference |
|---|---|---|
| Government Spending | 105543.00 | Jun/21 |
Which three areas are the biggest sources of government spending in 2012?
Federal entitlements are driving this spending growth, having increased from less than half of total federal outlays just 20 years ago to nearly 62 percent in 2012. Three major programs—Medicare, Medicaid, and Social Security—dominate in size and growth, soaking up about 44 percent of the budget.
What are the top 5 expenditures for the federal government in 2012?
What Was Spent in FY 2012
- Social Security —$570 billion.
- Medicare—$201 billion.
- Unemployment—$67 billion.
- Retirement—$8 billion.
How much money did the government spend in 2011?
2011 United States federal budget
| Submitted | February 1, 2010 |
|---|---|
| Total expenditures | $3.834 trillion (requested) $3.603 trillion (actual) 23.4% of GDP (actual) |
| Deficit | $1.645 trillion (requested) 10.9% of GDP $1.30 trillion (actual) 8.5% of GDP (actual) |
| Debt | $14.764 trillion (at fiscal end) 96.0% of GDP |
| GDP | $15.379 trillion |
How much does Australian government spend?
In 2019–20, the Australian and state and territory governments spent $195.7 billion on welfare. In real terms (that is, adjusted for inflation), this represented a 12% growth in spending from 2018–19 – an additional $21.5 billion.
How much did Australia spend on Covid?
Table 1: economic response to COVID-19
| 2019-20 | 2020-21 | |
|---|---|---|
| Economic response to COVID-19 ($ billion) | 55.2 | 82.5 |
| Proportion of GDP (%) | 2.8 | 4.2 |
| Proportion of total Australian Government expenditure (%) | 9.5 | 12.3 |
What were the three largest expenditures in the federal budget in 2012 together about how much of the budget did they make up?
Together, about how much of the budget did they make up? How much money was that? Medicare and Medicaid, Social Security, and Defense. They make up just a little more than 60% of the budget.
What was the 2011 federal government deficit?
For the 2011 fiscal year, expenditure was estimated at $3.82 trillion, with expected revenues of $2.17 trillion, leaving a deficit of $1.48 trillion. This includes, public and federal debt, as well as the GDP. Leaving a budget deficit of 38.7%, the world’s highest.
How much does the Australian government spend on taxes?
Tax expenditures are reported in an annual statement by Treasury. In 2012–13, there were 363 tax expenditures provided under the Australian tax system, the total value of which was estimated at approximately $115 billion, or 7.5% of Gross Domestic Product (GDP). For comparison, total government direct spending in 2012–13 was about 23.5% of GDP.
Which is the largest expenditure of the Australian Government?
Social security and welfare is the largest functional expenditure of the Australian Government accounting for just over a third of all Government expenditure. This function includes age pension expenditure, family tax benefits, child care subsidies, JobSeeker payments and the National Disability Insurance Scheme.
Who was the treasurer of Australia in 2012?
The 2012 Australian federal budget for the Australian financial year ended 30 June 2013 was presented on 8 May 2012 by the Treasurer of Australia, Wayne Swan, the fifth federal budget presented by Swan, and the second budget of the Gillard Government.
How much does the Australian government spend on health?
The social security and welfare expenditure budget brief provides more detail on this expenditure. Health expenditure, which includes Medicare expenditure and Australian government expenditure on hospitals and aged care, accounted for around 15.0 per cent of all Australian Government expenditure in 2019–20.