What was the federal budget deficit in 2013?

$900 billion
The projected 2013 deficit was $900 billion (5.5% GDP), down from the 2012 deficit of $1.3 trillion (8.5% GDP).

How much did the US federal government spend in 2013?

The federal government spent $3.1 trillion in the states during its 2013 fiscal year.

What is FY 2014?

FY 2014 means Buyer’s full fiscal year ending December 31, 2014. “

How much did Americans spend in 2013 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 did the federal government raise through taxes in fiscal year 2013 how much did it spend?

U.S. Tax Revenue by Year

Fiscal Year	Revenue
FY 2016	$3.27 trillion
FY 2015	$3.25 trillion
FY 2014	$3.02 trillion
FY 2013	$2.77 trillion

What was the budget 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.

Is there a federal budget for 2021?

The United States federal budget for fiscal year 2021 runs from October 1, 2020 to September 30, 2021. The final funding package was passed as a consolidated spending bill on December 27, 2020, the Consolidated Appropriations Act, 2021.

What sources of tax revenues make up more than 90% of all government revenue?

In 2015, total federal revenues in fiscal year 2015 are expected to be $3.18 trillion. These revenues come from three major sources: Income taxes paid by individuals: $1.48 trillion, or 47% of all tax revenues. Payroll taxes paid jointly by workers and employers: $1.07 trillion, 34% of all tax revenues.

What was the deficit in 2012?

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).

What does the US government spend the most money on?

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.