How much is US budget 2017?
How much is US budget 2017?
2017 United States federal budget
| Submitted | February 9, 2016 |
|---|---|
| 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 |
| Debt | $20.24 trillion (actual) 105.5% of GDP |
| GDP | $19.177 trillion (actual) |
How much is US budget 2018?
| Submitted | March 16, 2017 |
|---|---|
| Submitted to | 115th Congress |
| Total revenue | $3.654 trillion (estimated) $3.330 trillion (actual) 16.5% of GDP |
| Total expenditures | $4.094 trillion (requested) $4.109 trillion (actual) 20.3% of GDP |
| Deficit | $440 billion (requested) $779 billion (actual) 3.8% of GDP |
What is the US budget for 2016?
2016 United States federal budget
| Submitted | February 2, 2015 |
|---|---|
| Submitted to | 114th Congress |
| 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 |
What was the federal deficit for 2017?
$665 billion
The budget deficit was $665 billion in 2017. U.S. debt is considered one of the safest investments in the world and interest rates remain low, which is why the government has been able to borrow money at cheap rates to finance the large annual deficits.
How much is the US budget for 2019?
2019 United States federal budget
| Submitted | February 12, 2018 |
|---|---|
| Submitted to | 116th Congress |
| Total revenue | $3.422 trillion (requested) $3.5 trillion (actual) 16.3% of GDP |
| Total expenditures | $4.407 trillion (requested) $4.4 trillion (actual) 21% of GDP |
| Deficit | $985 billion (requested) $984 billion (actual) 4.6% of GDP |
Was the 2022 budget passed?
18, 2022, on Thursday, Dec. 2, by a 221-212 vote. The Senate passed it later in that evening by a 69-28 vote, and the President is expected to sign it. Congress started marking up individual appropriations bills for Fiscal Year (FY) 2022 in June.
What was the United States deficit in 2015?
$439 billion
At $439 billion, the 2015 deficit constituted the smallest since 2007, and at 2.5 percent of gross domestic product, it was below the average deficit (relative to the size of the economy) over the past 50 years.
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.
Should the USA balance its federal budget?
Many US lawmakers have long voiced concern about the country’s growing debt and the regularity with which the federal government runs its annual budget at a deficit, and some have even suggested the US Constitution be amended to require that the federal budget remain in balance.
When is the US federal budget prepared?
Typically by the first Monday in February, the President gives Congress his budget proposal for the next fiscal year. The House of Representatives and the Senate create budget resolutions. Each chamber of Congress analyzes the President’s budget proposal and drafts a budget resolution setting overall spending levels.
What is the current federal budget?
2019 United States federal budget – $4.4 trillion (submitted 2018 by President Trump) 2018 United States federal budget – $4.1 trillion (submitted 2017 by President Trump) 2017 United States federal budget – $4.2 trillion (submitted 2016 by President Obama) 2016 United States federal budget – $4.0 trillion (submitted 2015 by President Obama)
How big is the US budget?
Federal Budget 101. 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).