#FEDERAL SPENDING BY YEAR DRIVERS#
#FEDERAL SPENDING BY YEAR SERIES#
#FEDERAL SPENDING BY YEAR DOWNLOAD#

If lawmakers consider tax A tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities.

#FEDERAL SPENDING BY YEAR DRIVERS#

Any serious debt reduction effort must acknowledge the need to rein in the largest mandatory spending programs, Social Security and Medicare, which constitute a growing share of the budget and are the primary drivers of long-run deficits.

International experiences of successful debt reductions suggest gradual, spending-focused policies.

Congressional leaders should follow through on convening a fiscal commission to deal with the long-term budgetary challenges facing the country.

Now is the time for lawmakers to focus on long-term fiscal sustainability, as further delay will only make an eventual fiscal reckoning that much harder and more painful.

Debt held by the public will rise steadily from 97 percent of GDP in 2022 to 115 percent in 2033-the highest level on record.

The federal government’s debt is $33 trillion and rising budget deficits are projected to grow substantially over the next decade, reaching $2.7 trillion in 2033, or 6.4 percent of gross domestic product (GDP).

'Guesstimated' by projecting the latest change in reported spending forward to future years G - ' guesstimated' projection by įederal: Fed. 'Guesstimated' by projecting the latest change in reported spending forward to future yearsīelow is a formatted version of the data.įiscal Years 2018 to 2028 Year Inflation GDP-US 'Guesstimated' by projecting the latest change in reported spending forward to future yearsData Sources for 2028:

G - 'guesstimated' projection by Į - estimated by įederal: ğed.

Year Inflation GDP-US $ billion nominal Population-US million Total Spending - Total $ billion nominal Press ctrl-A then press ctrl-C) and paste The tab-delimited text in the textbox below (click cursor in text box, then

#FEDERAL SPENDING BY YEAR DOWNLOAD#

year 2000) dollars, or as percent of GDP.īack to table | back to top Download Data FileĬopy and Paste: To copy and paste data into spreadsheet for analysis, just copy inflated) dollars, billions of real (i.e. Select units: You can select the display in billions of nominal (i.e.

#FEDERAL SPENDING BY YEAR SERIES#

Up to 14 data series are allowed at once.Ĭlick the “X” link to remove a data series from the chart. You will add another data series to your chart.

Select spending items: Just select the spending item you want from the dropdown control.

Select the year range: Select the start year and the end year you want by selecting the years you want.

Use the table above to make your selections. If you’d like to create your own custom download of spending data you should State and local: direct spending on programs X ? Select data series to add to chart All Categories ? Total Spending: Federal: total outlays including grants to state and local. Click the “X” link to remove a data series from the chart.

The right-hand dropdown allows you to replace a data series with a more narrowly focused series. If you select on the bottom dropdown you will add a data series (up to a maximum of five). Data Series: Select a spending series you want to chart from a dropdown on the left.

Federal spending by year