How much did the US spend in 2015?
2015 United States federal budget
| Submitted | March 4, 2014 |
|---|---|
| Submitted to | 113th Congress |
| Total revenue | $3.34 trillion (requested) $3.249 trillion (actual) 18.2% of GDP |
| Total expenditures | $3.90 trillion (requested) $3.688 trillion (actual) 20.6% of GDP |
| Deficit | $564 billion (requested) $438.9 billion (actual) 2.45% of GDP |
What is the #1 Discretionary spending in the US?
Discretionary Spending 1 Much of it goes toward military spending, including Homeland Security, the Department of Veterans Affairs, and other defense-related departments.
What are the top 3 federal expenditures?
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%).
How is discretionary spending set in the budget?
Discretionary spending refers to the portion of the budget that is decided by Congress through the annual appropriations process each year. These spending levels are set each year by Congress.
What was the federal budget for the year 2015?
The Fiscal Year 2015 federal budget is the U.S. government spending and revenue from October 1, 2014, through September 30, 2015. Spending totaled $3.688 trillion but revenue was only $3.250 trillion.
How much money does Congress spend each year?
Discretionary spending refers to the portion of the budget that is decided by Congress through the annual appropriations process each year. These spending levels are set each year by Congress. This pie chart shows how Congress allocated $1.11 trillion in discretionary spending in fiscal year 2015.
What was the interest on the national debt in 2015?
Interest on the national debt was $223 billion. Lower interest rates meant that the Treasury didn’t pay the budgeted $251 billion. Discretionary – Discretionary spending must comply with the Bipartisan Budget Act. Congress approved $1.1 trillion for the 2015 discretionary budget.