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The federal deficit in 2019 was $984 billion, equal to 4.6 percent of gross domestic product. Learn more about the deficit with a new interactive version of the infographic.
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This infographic outlines the process when CBO and the staff of the Joint Committee on Taxation (JCT) are tasked with analyzing major legislative proposals that would affect health insurance choices for people under age 65. Together, CBO and JCT develop a cost estimate that reflects the middle of the distribution of potential outcomes.
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Discretionary spending by the federal government totaled $1.3 trillion in 2018—about half for national defense and half for nondefense activities.
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Mandatory spending by the federal government totaled $2.5 trillion in 2018, of which $1.7 trillion was for Social Security and Medicare.
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Revenues received by the federal government in 2018 totaled $3.3 trillion, of which $1.7 trillion was receipts from individual income taxes.
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The federal deficit in 2018 was $779 billion, equal to 3.9 percent of gross domestic product. Learn more about the deficit with a new interactive version of the infographic.
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Discretionary spending by the federal government totaled $1.2 trillion in 2017—about half for national defense and half for nondefense activities.
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Mandatory spending by the federal government totaled $2.5 trillion in 2017, of which $1.6 trillion was for Social Security and Medicare.
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Revenues received by the federal government in 2017 totaled $3.3 trillion, of which $1.6 trillion was receipts of individual income taxes.
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The federal deficit in 2017 was $665 billion, equal to 3.5 percent of gross domestic product.
