Difference between revisions of "United States Budget"
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Revision as of 20:16, July 24, 2012
The following is a summary of the U.S. Budget, 2011 (last year for certain data, as opposed to estimates - uses 2013 budgetary data)[1]. The four largest expenses, Health, Military, Social Security, and Income Security, account for 82.48% of the total budget; $2.89 Trillion. All other budgetary expenses combined account for 19.99% of the total budget; $702 Billion. Undistributed offsetting receipts make for -2.46% of the budget; -$86 Billion. Total Budget Authority was $3.51 Trillion.
| Category | Sections | Expense (Billions) | Budget % |
|---|---|---|---|
| Health | 550, 570 | $862.10 | 24.56% |
| Social Security | 650 | $731.73 | 20.85% |
| Military | 050 | $717.42 | 20.44% |
| Income Security | 600 | $583.67 | 16.63% |
| Major Expenses | $2,894.92 | 82.48% | |
| Interest on Debt | 900 | $230.47 | 6.57% |
| Veterans Benefits & Services | 700 | $123.12 | 3.51% |
| Transportation | 400 | $86.51 | 2.46% |
| Education, Training, Employment, & Social Services | 500 | $76.54 | 2.18% |
| International Affairs | 150 | $53.59 | 1.53% |
| Administration of Justice | 750 | $53.58 | 1.53% |
| Natural Resources & Environment | 300 | $35.35 | 1.01% |
| General Science, Space, & Technology | 250 | $29.65 | 0.84% |
| General Government | 800 | $23.86 | 0.68% |
| Agriculture | 350 | $21.51 | 0.61% |
| Community & Regional Development | 450 | $14.88 | 0.42% |
| Energy | 270 | $6.69 | 0.19% |
| Allowances | 920 | $0.0 | 0.00% |
| Commerce & Housing Credit | 370 | -$54.21 | -1.54% |
| Lesser Expenses | $701.54 | 19.99% | |
| Undistributed Offsetting Receipts | 950 | -$86.49 | -2.46% |
| Total Budget Authority | $3,509.97 | 100.00% | |
Off-Budget
The U.S. Budget marks certain expenses as "Off-Budget". The above calculations include all expenses, including those considered "Off-Budget". A total of $499.74 Billion is considered "Off-Budget". Off-Budget expenses include the following:
| Category | Sections | Expense (Billions) | Budget % |
|---|---|---|---|
| Social Security | 651 | $629.82 | 17.94% |
| Postal Service | 372 | $0.99 | 0.03% |
| Interest received by off-budget trust funds | 903 | -$115.98 | -3.30% |
References
- ↑ Federal Government Outlays by Function, Table 5.1 - Budget Authority by Function and Superfunction: 1976–2017. U.S. Government Printing Office.