How much did the government spend in 2012?
How much did the government spend in 2012?
2012 United States federal budget
Submitted | February 14, 2011 |
---|---|
Total revenue | $2.627 trillion (requested) $2.45 trillion (actual) 15.3% of GDP (actual) |
Total expenditures | $3.729 trillion (requested) $3.537 trillion (actual) 22.1% of GDP (actual) |
How much does the US spend on discretionary spending?
Discretionary spending, which pays for everything else, will be $1.688 trillion. The U.S. Congress appropriates this amount each year, using the president’s budget as a starting point.
How much money does the US spend on discretionary spending?
Discretionary spending is the part of the U.S. federal budget that Congress appropriates each year. For Fiscal Year 2019, President Trump requested $1.305 trillion. The Constitution gave Congress the authority to raise and spend money for the federal government. The budget process traditionally begins with the president’s budget.
When did the 2012 federal budget come out?
2013 ›. The 2012 United States federal budget was the budget to fund government operations for the fiscal year 2012, which lasted from October 1, 2011 through September 30, 2012.
When does the US government release its discretionary budget?
Unlike the fixed nature of mandatory spending, discretionary spending is variable. Discretionary spending does not include expenses for Medicare, Medicare, TANF, and other mandatory programs. By law, these are fixed expenses of the government budget. The Trump administration released its budget on Feb. 10, 2020.
When was the budget passed for the 2013 fiscal year?
The spending bill for the remainder of the fiscal year, the Consolidated and Further Continuing Appropriations Act, 2013, was passed by the Senate 73–26 on March 20, 2013, by the House the following day in a 318-109 vote, and signed by President Obama on March 26, 2013.
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