2024 Current State of the Union: US Federal Budget - USAFacts

Feb 16, 2024 · The federal government spent almost $6.2 trillion in FY 2023, including funds distributed to states. Federal revenue decreased 15.5% in FY 2023 but remained almost 8% higher than in FY 2019. Federal spending decreased by 8.4% in FY 2023, the second year of …

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2024 Current State Of The Union: US Federal Budget - USAFacts

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2024 Current State Of The Union: US Economy - USAFacts

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Budget The federal government collected nearly $4.5 trillion in revenue in fiscal year 2023 (FY 2023). The federal government spent almost $6.2 trillion in FY 2023, including funds …

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2023 Current State Of The Union: US Federal Budget - USAFacts

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State and local tax revenue grew 9.3% from FY 2021 to FY 2022 after rising 19% in the previous fiscal year. In FY 2022, state and local governments accounted for 41% of government …

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2020 State Of The Union: US Budget - USAFacts

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The federal government collected $3.5 trillion in revenue in 2019, or $10,548 per person. The federal government spent $4.4 trillion in 2019, or $13,547 per person. Federal revenue grew …

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2022 State Of The Union: US Federal Budget - USAFacts

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State and local tax revenue increased 19.2% from FY2020 to FY2021 after decreasing 1.1% in the previous fiscal year. In FY2021, state and local governments accounted for 39% of …

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FAQs about 2024 Current State of the Union: US Federal Budget - USAFacts Coupon?

How much did the federal government spend in FY 2024?

As of September 2024, FY 2024 spending reached $6.8 trillion, which is 10% higher than spending in September 2023. The federal government has spent $6.8 trillion in FY 2024 so far. Our nation, in numbers. ...

When did the 2024 budget run?

The United States federal budget for fiscal year 2024 ran from October 1, 2023, to September 30, 2024. From October 1, 2023, to March 23, 2024, the federal government operated under continuing resolutions (CR) that extended 2023 budget spending levels as legislators were debating the specific provisions of the 2024 budget. ...

What does fiscal year 2024 contain?

the United States Government,Fiscal Year 2024 contains the Budget Message of the President, information on the President’s p ...

How did federal spending change in FY 2023?

Medicare, Social Security, defense and veterans, transfers to states, interest on the debt, and aid to individuals such as the Supplemental Nutrition Assistance Program and refundable tax credits accounted for 90% of spending. Federal revenue decreased 15.5% in FY 2023 but remained almost 8% higher than in FY 2019. ...

How much money did the federal government collect in 2023?

The federal government collected nearly $4.5 trillion in revenue in fiscal year 2023 (FY 2023). About half was collected through individual income taxes, while 37% was through payroll taxes. Other revenue sources included corporate income taxes, customs duties, and sales taxes. ...

What was federal revenue in FY 2023?

Federal revenue in FY 2023 was $13,341 per person and spending was $18,406. An increasing federal budget may reflect a growing population; adjusting government revenue and spending to a per-person basis eliminates the distortion from population growth. Per person FY 2023 revenue was 4% higher and spending was 63% higher than in FY 2000. ...