September 2, 2015

Federal Government Spending

Go to Income

Fiscal Year 2014

Budget Category$ Billions% of Outlays
Health95027
Social Security85124
Defense 60517
Income Security51415
Interest2287
Other943
Transportation913
Education892
International Affairs471
Environment351
Totals3,504100%

Source:  Final Monthly Treasury Statement September 2014
* Percentage column numbers might be altered to allow total to equal 100%

In FY2014, the federal government collected $3 trillion, 21 billion in taxes and borrowed $483 billion to pay for the above spending. 

Notes on Spending Categories

Health includes Medicare, Medicaid, veterans health programs, and the Children’s Health Insurance Program (CHIP).

International Affairs includes foreign aid, development and humanitarian assistance, international security assistance, and conduct of foreign affairs

Income Security includes unemployment compensation, housing assistance, food stamps, nutrition programs, general retirement and disability insurance (excluding Social Security) and other income security programs.

Interest is the amount spent by the government to service the publicly held national debt. Just as you might pay interest on a mortgage, student loan or credit card, the government has to pay interest on money it borrows to cover budget deficits.

Other includes most domestic homeland security, science, space and technology, National Institutes of Health, energy, agriculture, commerce and housing credits, disaster relief, job training and social services, veterans benefits and services (except health benefits), justice and other government spending.

 

This budget exercise was developed by the Concord Coalition.
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