Discretionary Spending in 2016: An Infographic

Discretionary spending by the federal government totaled $1.2 trillion in 2016—about half for national defense and half for nondefense activities.

Mandatory Spending in 2016: An Infographic

Mandatory spending by the federal government totaled $2.4 trillion in 2016, of which $1.6 trillion was for Social Security and Medicare.

Revenues in 2016: An Infographic

Revenues received by the federal government in 2016 totaled $3.3 trillion, of which $1.5 trillion was receipts of individual income taxes.

The Federal Budget in 2016: An Infographic

The federal deficit in 2016 was $587 billion, equal to 3.2 percent of gross domestic product.

The 2016 Long-Term Budget Outlook: An Infographic

This infographic provides an overview of CBO's report, The 2016 Long-Term Budget Outlook. Gain quick insight into why CBO projects a substantial imbalance in the federal budget beyond the next 10 years.

Discretionary Spending in 2015: An Infographic

Discretionary spending by the federal government totaled $1.2 trillion in 2015—about half for national defense and half for nondefense activities.

Mandatory Spending in 2015: An Infographic

Mandatory spending by the federal government totaled $2.3 trillion in 2015, of which $1.0 trillion was for major health care programs.

Revenues in 2015: An Infographic

Revenues received by the federal government in 2015 totaled $3.2 trillion, of which $1.5 trillion was receipts of individual income taxes.

The Federal Budget in 2015: An Infographic

The federal deficit in 2015 was $439 billion, equal to 2.5 percent of gross domestic product.

Snapshot of Business Receipts

Businesses have become increasingly likely to choose the organizational structure that offers more favorable tax treatment. As a result, revenues are lower than they would otherwise be, but incentives for investment are probably greater.