What was the US budget for fiscal year 2020?

The federal budget for the 2020 fiscal year was set at $4.79 trillion.

What was the US budget deficit in 2020?

$3.132 trillion The United States posted a deficit of $3.132 trillion in fiscal 2020, when the federal government first started spending frantically in response to the pandemic.

What is the federal budget fiscal year?

The federal government's fiscal year runs from October 1 of one calendar year through September 30 of the next. The work actually begins in the executive branch the year before the budget is to go into effect.

What was the federal budget for fiscal year 2021?

BUDGET PROJECTIONS FOR FY 2021

How much did the US spend in 2021?

In 2021, the federal government spent $6.82 trillion.

When did the US fiscal year change?

The date of the fiscal year was not changed. Title V of the Congressional Budget Act of 1974 was signed into law on July 12, 1974 and changed the fiscal year to begin on October 1 of each year, and classified to 31 U.S.C. 1020 of the U.S. Code.

How much did the US government spend in 2020?

The federal government spent $6.6 trillion in fiscal year 2020 — or $19,962 per person.

What is the current US deficit 2021?

$2.77 trillion WASHINGTON (AP) — The U.S. budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion reached in 2020. The deficits in both years reflect trillions of dollars in government spending to counteract the devastating effects of a global pandemic.

What is the current US debt 2021?

By the end of 2021, the federal government had $28.43 trillion in federal debt.