United States Federal Budget
Statistic Verification
Source: US Federal Budget
Research Date: 1.2.2014
The Budget of the United States Government often begins as the President’s proposal to the U.S. Congress which recommends funding levels for the next fiscal year, beginning October 1. However, Congress is the body required by law to pass a budget annually and to submit the budget passed by both houses to the President for signature. Congressional decisions are governed by rules and legislation regarding the federal budget process. Budget committees set spending limits for the House and Senate committees and for Appropriations subcommittees, which then approve individual appropriations bills to allocate funding to various federal programs.
US Federal Government Budget
Programs 2012 2013 2014
Pensions $819.7 billion $878.5 billion $925.7 billion
Health Care 846.1 916.1 1,038.6
Education 153.1 136.1 121.2
Defense 902.2 901.4 799.8
Welfare 451.9 422.3 402.6
Protection 62 62.8 57.3
Transportation 102.6 114.2 107.7
General Government 33.6 28.1 28.2
Other Spending 199.6 96.2 92.9
Interest 224.8 247.7 309.1
Total Spending 3,795.6 3,803.4 3,883.1
Federal Defect 1,327 901.4 667.8
Tags:

statistics on us federal budget spending annual amount alloted to social security programs how much does the federal government spend on defense annually 2014 2013 federal budget discretionary spending appropriation bills tax policy collections united states America Obama bush presidents budget breakdown federal spending by category pie chart graph comparisons

Related Statistics: