Us Government Spending Breakdown 2019, Where Your Tax Dollar Goes Cbc News
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Government revenue and spending from october 1 2018 through september 30 2019.
Government lockdown phases ireland. The us governments bureau of economic analysis for 2019 estimates 73 trillion in total government expenditure and 214 trillion total gdp which is 34. Many of the data series begin in 1940 and include estimates of the presidents budget for 20182023. 1 2020 through sept.
Discretionary spending by the federal government totaled 13 trillion in 2019about half for national defense and half for nondefense activities. Describes major savings and reform proposals included in the 2019 presidents budget. Learn more about the deficit with a new interactive version of the infographic.
Government spending in the united states decreased to 333047 usd billion in the third quarter of 2020 from 336873 usd billion in the second quarter of 2020. Government estimates it will receive 3863 trillion in revenue creating a 966 billion deficit for oct. Thats less than the spending of 4448 trillion.
This government total excludes spending by government enterprises which sell goods and services to households and businesses in a market transaction. Government spending in the united states averaged 208659 usd billion from 1950 until 2020 reaching an all time high of 336873 usd billion in the second quarter of 2020 and a record low of 59963 usd billion in the first quarter of 1950. The office of management and budget reported that revenue was 3464 trillion.
The federal deficit in 2019 was 984 billion equal to 46 percent of gross domestic product. Learn more about government spending through interactive tools that explore elements of the federal budget such as federal loan grant and contract data. In 2019 there were an estimated 128 million households in the united states.
View document 8188 kb summary. Total us government estimated spending for 2019 is 769 trillion including 445 trillion federal a guesstimated 193 trillion state and a guesstimated 203 trillion local. Historical tables provide a wide range of data on federal government finances.
It created a 984 billion budget deficit. We track how federal money is spent in communities across america and beyond. Government spending details for 2019.
It includes both discretionary and mandatory savings proposals. President donald trump released a would be record 4829 trillion federal budget proposal for fiscal year fy 2021 on feb.
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