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Revenues received by the federal government in 2016 totaled $3.3 trillion, of which $1.5 trillion was receipts of individual income taxes.
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Discretionary spending by the federal government totaled $1.2 trillion in 2016—about half for national defense and half for nondefense activities.
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Mandatory spending by the federal government totaled $2.4 trillion in 2016, of which $1.6 trillion was for Social Security and Medicare.
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The federal deficit in 2016 was $587 billion, equal to 3.2 percent of gross domestic product.