how much money does the us government actually have?
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During FY2019, the federal government spent $4.45 trillion, up $338 billion or 7.1% vs. FY2018 spending of $4.11 trillion. Spending increased for all major categories and was mainly driven by higher spending for Social Security, net interest on the debt, and defense.
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In total, there is a total of about $1.5 trillion in U.S. physical currency in circulation, and roughly 80% of this value comes from the 11.5 billion $100 notes that are in circulation.
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The federal government owns about 640 million acres of land in the United States, about 28% of the total land area of 2.27 billion acres.
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The federal government collected revenues of $3.5 trillion in 2019—equal to about 16.3 percent of gross domestic product (GDP) (figure 2).
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Federal Budget 101 In fiscal year 2015, the federal budget is $3.8 trillion. These trillions of dollars make up about 21 percent of the U.S. economy (as measured by Gross Domestic Product, or GDP). It's also about $12,000 for every woman, man and child in the United States.
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In 2015, total federal revenues in fiscal year 2015 are expected to be $3.18 trillion. These revenues come from three major sources: Income taxes paid by individuals: $1.48 trillion, or 47% of all tax revenues. Payroll taxes paid jointly by workers and employers: $1.07 trillion, 34% of all tax revenues.
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Of that money, over $180 billion is set aside for social security and welfare payments. That's up four per cent in welfare spending from the year before and takes up a huge chunk - 36 per cent - of total government expenditure.
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In 2019, the gross federal debt amounted to around 69,060 U.S. dollars per capita. The total debt accrued by the U.S. annually can be accessed here. The level of national debt held by the United States government has risen sharply in the years following the Great Recession.
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The federal government owns roughly 640 million acres, about 28% of the 2.27 billion acres of land in the United States.
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The net worth of the U.S. federal government comes in at negative $21.5 trillion. This according to the Financial Report of the United States Government recently released by the U.S. Treasury Department.
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Here's how much US currency there is in circulation. There is a total of about $1.5 trillion in U.S. physical currency in circulation. Roughly 80% of this value comes from the 11.5 billion $100 notes. Each year, 70% of new bills are used to replace older notes going out of circulation.
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For 2016, the NASA budget is $19.3 billion, out of $3.95 trillion in federal spending. That means the US devotes about 0.5% of its budget to all things space-related.
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Education Data Tells a Tale The most recent version for 2018 reports that, in 2015, the United States spent approximately $12,800 per student on elementary and secondary education. That is over 35% more than the OECD country average of $9,500.
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During FY2018, the federal government spent $4.11 trillion, up $127 billion or 3.2% vs. FY2017 spending of $3.99 trillion. Spending increased for all major categories and was mainly driven by higher spending for Social Security, net interest on the debt, and defense.
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The U.S. outpaces all other nations in military expenditures. World military spending totaled more than $1.6 trillion in 2015. The U.S. accounted for 37 percent of the total. U.S. military expenditures are roughly the size of the next seven largest military budgets around the world, combined.
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The federal government is expected to provide state and local governments about $750 billion in federal grants in FY2019, funding a wide range of public policies, such as health care, transportation, income security, education, job training, social services, community development, and environmental protection.
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Every day, millions of people interact with the Federal Government. Americans expect and deserve these experi- ences to be simple, fast, and helpful. The President proposes to spend nearly $95.7 billion for Information Technology to help make this expectation a reality.