how much did the us government spend last year?
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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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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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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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Estimated 2016 expenditures The total estimated government spending in California in fiscal year 2016 was $265.9 billion. Per-capita figures are calculated by taking the state's total spending and dividing by the number of state residents according to United States Census Bureau estimates.
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In FY 2020 total US government spending on welfare — federal, state, and local — is “guesstimated” to be $1,150 billion, including $687 billion for Medicaid, and $463 billion in other welfare.
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In 2018/19 around £115 billion was spent on the NHS England budget. The rest was spent by the Department of Health on things like public health initiatives, education, training, and infrastructure (including IT and building new hospitals).
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How much does the federal government spend on health care? The federal government spent nearly $1.2 trillion in fiscal year 2019. In addition, income tax expenditures for health care totaled $234 billion. The federal government spent nearly $1.2 trillion on health care in fiscal year 2019 (table 1).
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The United States lead the globe in military spending in 2019. China ranked second in spending, as it has done since 2008. With military outlays totaling 732 billion US dollars, the US spent about 38 percent of the total global military spending that year, 1.92 trillion US dollars.
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How Much Does SNAP Cost? In fiscal year 2018, the federal government spent $68 billion on SNAP and other related food assistance programs.
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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.
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In 2016–17, the Australian Government estimates that it will spend around $158.6 billion on social security and welfare, and around $191.8 billion in 2019–20.
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The answer: a lot. The federal government took in $3.3 trillion in tax revenue last year. More than 80 percent -- $2.7 trillion -- came from individuals through either income tax or payroll taxes that fund Social Security and Medicare. Corporate taxes kick in just 9 percent of the government's revenue.
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Estimated U.S. military spending is $934 billion. It covers the period October 1, 2020, through September 30, 2021. 1﻿ Military spending is the second-largest item in the federal budget after Social Security. This figure is more than the $705 billion outlined by the Department of Defense alone2﻿﻿.
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Texas spent $65 billion in fiscal year 2016 for primary and secondary public education (Texas Education Agency 2018). About half of this expenditure was funded with local resources, and the rest was primarily funded through the state government (federal funding accounts for less than 10 percent).
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NASA's budget for fiscal year (FY) 2020 is $22.6 billion. It represents 0.48% of the $4.7 trillion the United States plans to spend in the fiscal year.
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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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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. U.S. military spending dwarfs the budget of the #2 country – China.