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USAFacts
USAFacts
National

The federal budget: an overview

Federal Budget United States Medicare Social Security

The federal budget is a measure of how much the federal government spends and how much revenue it takes in. Typically, annual budgetary data is broken up into fiscal years, which run from October 1 to September 30[1].

In fiscal year 2023, the US spent $6.16 trillion on public programs and generated $4.47 trillion in revenue.

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