How much did the US government spend in fiscal year 2019?
From Chart 3, total government tax and other revenues grew by $236.7 billion (7.0 percent) to about $3.6 trillion for fiscal year 2019.
What was the size of the fiscal year of 2019 US budget deficit?
The deficit for the fiscal year was 12.4% of all economic output, down from 15% the previous year, the Treasury Department and Office of Management and Budget said Friday. The deficit was 4.6% of GDP in the 2019 fiscal year, before the pandemic began.
What was the US budget for fiscal year 2020?
$4.79 trillion Creating the national budget for the fiscal year is a process that begins with the presidential budget. The federal budget for the 2020 fiscal year was set at $4.79 trillion.
What is the federal budget fiscal year?
The federal government's fiscal year runs from October 1 of one calendar year through September 30 of the next. The work actually begins in the executive branch the year before the budget is to go into effect.
How much revenue did the US make in 2019?
U.S. Tax Revenue by Year
| Fiscal Year | Revenue |
|---|---|
| FY 2019 | $3.46 trillion (actual) |
| FY 2018 | $3.33 trillion |
| FY 2017 | $3.32 trillion |
| FY 2016 | $3.27 trillion |
How much money did the government make in 2019?
The federal government collected revenues of $3.5 trillion in 2019—equal to about 16.3 percent of gross domestic product (GDP) (figure 2). Over the past 50 years, federal revenue has averaged 17.4 percent of GDP, ranging from 20.0 percent (in 2000) to 14.6 percent (most recently in 2009 and 2010).
How much did the government spend in 2021?
In 2021, the federal government spent $6.82 trillion.
How much money did the US government spend in 2020?
The federal government spent $6.6 trillion in fiscal year 2020 — or $19,962 per person.