How much is the federal budget FY 2017?
The FY 2017 deficit was $666 billion, $100 billion higher than budgeted because revenue came in less than expected….Deficit.
| Simplified Spending, Revenue, and Deficit for FY 2017 Federal Budget (in billions) | |
|---|---|
| Budget item | Amount |
| Revenues | $3,316 |
| Mandatory spending | -$2,519 |
What was the budget deficit in 2017?
$665 billion
The budget deficit was $665 billion in 2017.
What was US federal government spending for FY 2017 2018?
The United States federal budget for fiscal year 2018, which ran from October 1, 2017, to September 30, 2018, was named America First: A Budget Blueprint to Make America Great Again….
| Submitted | March 16, 2017 |
|---|---|
| Submitted to | 115th Congress |
| Total revenue | $3.654 trillion (estimated) $3.330 trillion (actual) 16.5% of GDP |
What was the US budget deficit in 2017?
2017 United States federal budget
| Submitted | February 9, 2016 |
|---|---|
| Submitted to | 114th Congress |
| Total revenue | $3.644 trillion (requested) $3.316 trillion (actual) 17.3% of GDP |
| Total expenditures | $4.147 trillion (requested) $3.982 trillion (actual) 20.8% of GDP |
| Deficit | $503 billion (requested) $665 billion (actual) 3.5% of GDP |
What were the five major sources of revenue in the 2017 budget?
The rest comes from a mix of sources.
- TOTAL REVENUES.
- INDIVIDUAL INCOME TAX.
- CORPORATE INCOME TAX.
- SOCIAL INSURANCE (PAYROLL) TAXES.
- FEDERAL EXCISE TAXES.
- OTHER REVENUES.
- SHARES OF TOTAL REVENUE.
- Updated May 2020.
What is the largest single expenditure category in the budget for 2017?
Major categories of FY 2017 spending included: Healthcare such as Medicare and Medicaid ($1,077B or 27% of spending), Social Security ($939B or 24%), non-defense discretionary spending used to run federal Departments and Agencies ($610B or 15%), Defense Department ($590B or 15%), and interest ($263B or 7%).
What was the budget deficit in 2018?
$779 billion
The federal deficit in 2018 was $779 billion, equal to 3.9 percent of gross domestic product.
What were the three largest expenditures in the federal budget in 2012 together about how much of the budget did they make up how much money was that?
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 United States deficit in 2016?
$587 billion
The Fiscal Year (FY) 2016 budget deficit totaled $587 billion, according to the final data from the Treasury Department. Although this is nearly 60 percent below the 2009 peak, it is 34 percent larger than last year’s $438 billion level.
What was the US deficit in 2018?
In fiscal year 2018, which ended on September 30, the federal budget deficit totaled $779 billion—$113 billion more than the shortfall recorded in 2017. The deficit increased to 3.8 percent of the nation’s gross domestic product (GDP) in 2018, up from 3.5 percent in 2017 and 3.2 percent in 2016.
What is the 2016 federal budget?
2016 United States federal budget
| Submitted | February 2, 2015 |
|---|---|
| Total revenue | $3.525 trillion (requested) $3.268 trillion (actual) 17.8% of GDP |
| Total expenditures | $3.999 trillion (requested) $3.853 trillion (actual) 20.9% of GDP |
| Deficit | $474 billion (requested) $585 billion (actual) 3.2% of GDP |
| Debt | $19.57 trillion (actual) |
When did the 2012 federal budget come out?
The 2012 United States federal budget was the budget to fund government operations for the fiscal year 2012, which lasted from October 1, 2011 through September 30, 2012.
When did Congress pass the FY 2011 budget?
On April 14, Congress approved the FY 2011 budget. 5 It included $38 billion in reduced spending. 6 On April 18, Standard & Poor’s cut its rating outlook on the U.S. debt.
What was the budget for the government in 2017?
The Budget provides $14.6 billion in 2017, an increase of over $900 million over the 2016 enacted level, for the National Science Foundation, the Department of Energy’s Office of Science, and the National Institute of Standards and Technology, which invest in basic research – the type of R&D…
What was the deficit in the 2012 budget?
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.