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In the President’s 2024 budget request, total military compensation is $551 billion, including veterans' benefits. That amount represents an increase of 134 percent since 1999 after removing the effects of inflation.
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Discretionary outlays by the federal government totaled $1.7 trillion in 2022. Nondefense outlays were higher than those for defense activities partly because of spending for programs enacted in response to the coronavirus pandemic.
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Mandatory outlays by the federal government totaled $4.1 trillion in 2022; nearly half was for Social Security and Medicare. The largest increases over the past 20 years have been for the major health care programs and student loans.
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Revenues received by the federal government in 2022 totaled $4.9 trillion, of which more than half was receipts from individual income taxes, which were the highest ever as a percentage of gross domestic product.
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The federal deficit in 2022 was $1.4 trillion, equal to 5.5 percent of gross domestic product, almost 2 percentage points greater than the average over the past 50 years.
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Discretionary outlays by the federal government totaled $1.6 trillion in 2021, of which $742 billion was for national defense and $895 billion was for nondefense activities.
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Mandatory outlays by the federal government totaled $4.8 trillion in 2021, of which $1.8 trillion was for Social Security and Medicare.
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Revenues received by the federal government in 2021 totaled $4.0 trillion, of which $2.0 trillion was receipts from individual income taxes.
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The federal deficit in 2021 was $2.8 trillion, equal to 12.4 percent of gross domestic product.
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Discretionary spending by the federal government totaled $1.6 trillion in 2020, of which $714 billion was for national defense and $914 billion was for nondefense activities.
