2022-23 Budget Snapshot1 Show For more detail about the terms used in this publication see the Online budget glossary on the PBO website. Download the full printable version: (496 KB)Data: (104 KB)
How much money does the government have 2022?In fiscal year 2022, the federal government is estimated to spend $5.8 trillion, amounting to 23.5 percent of the nation's gross domestic product (GDP). Of that $5.8 trillion, over $4.8 trillion is estimated to be financed by federal revenues.
What is the 2022 federal budget?The U.S. government has spent $5.35 trillion in fiscal year 2022 to ensure the well-being of the people of the United States. Fiscal Year-to-Date (since October 2021) total updated monthly using the Monthly Treasury Statement (MTS) dataset.
What is Australia's net debt 2022?Net debt is expected to be $729 billion—or 34.2% of GDP—at 30 June 2022 and peak at $981 billion or 40.9% of GDP in 2024–25 (Table 11.4, p. 364–5).
How much money does the government have in 2021?In 2021, the government collected $4.05 trillion in revenue.
How much is $4.05 trillion? If you divide it by the U.S. population estimate in 2021, 332.8 million (U.S. Census Bureau), it would equate to a little more than $12,200 in revenue for every individual in the U.S.
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