July 29, 2014

Federal Government Spending

Go to Income

Fiscal Year 2013

Budget Category $ Billions % of Outlays
Health 877 25
Social Security 814 24
Defense 635 18
Income Security 537 16
Interest 221 6
Other 125 4
Transportation 92 3
Education712
International Affairs 46 1
Environment 36 1
Totals 3,454 100%

Source:  Final Monthly Treasury Statement September 2013
* Percentage column numbers might be altered to allow total to equal 100%

In FY2013, the federal government collected $2 trillion, 774 billion in taxes and borrowed $680 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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