Re:U.S. Treasury Data Lab
by adventured on Tuesday September 14, 2021 @10:46PM
(#28534625)
> When 638 individuals decide how $3 trillion gets spent
Just a small correction. Federal Government spending was $4.4 trillion in 2019. It was $6.6t for 2020 [2], with $4.6t of that being mandatory spending; tax revenue was $3.4t for 2020 by comparison. We wish outlays were only $3t, we'd have a nice budget surplus right now.
Just a small correction. Federal Government spending was $4.4 trillion in 2019. It was $6.6t for 2020 [2], with $4.6t of that being mandatory spending; tax revenue was $3.4t for 2020 by comparison. We wish outlays were only $3t, we'd have a nice budget surplus right now.
[1] https://www.cbo.gov/publication/56324
[2] https://www.cbo.gov/publication/57170