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Revenues received by the federal government in 2023 totaled $4.4 trillion, of which half was receipts from individual income taxes.
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The federal deficit in 2023 was $1.7 trillion, equal to 6.3 percent of gross domestic product.
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Mandatory outlays by the federal government totaled $3.8 trillion in 2023; more than half was for Social Security and Medicare. The largest increases over the past 20 years have been for the major health care programs.
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Discretionary outlays by the federal government totaled $1.7 trillion in 2023. Outlays for nondefense programs accounted for more than half of that total.