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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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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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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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The federal deficit in 2021 was $2.8 trillion, equal to 12.4 percent of gross domestic product.