What was the budget deficit in 2012?
2012 United States federal budget
| Submitted | February 14, 2011 |
|---|---|
| Deficit | $1.101 trillion (requested) 7.0% of GDP $1.087 trillion (actual) 6.8% of GDP (actual) |
| Debt | $16.65 Trillion (requested) 105.3% of GDP $16.05 Trillion (actual) 100.2% of GDP |
| GDP | $16.026 trillion |
| Website | US Government Publishing Office |
How much does the federal government spend on pensions?
in 2020 federal pension spending was 5.5 percent of GDP.
How much did the federal government spend in 2013?
2013 United States federal budget
| Submitted | February 13, 2012 |
|---|---|
| Total expenditures | $3.803 trillion (requested) $3.45 trillion (actual) 20.8% of GDP (actual) |
| Deficit | $901 billion (requested) 5.5% of GDP $680 billion (actual) 4.1% of GDP (actual) |
| Debt | $16.72 trillion (at fiscal end) 100.8% of GDP |
| GDP | $16.582 trillion |
When was the last time the federal government balance the budget?
According to the Congressional Budget Office, the United States last had a budget surplus during fiscal year 2001. From fiscal years 2001 to 2009, spending increased by 6.5% of gross domestic product (from 18.2% to 24.7%) while taxes declined by 4.7% of GDP (from 19.5% to 14.8%).
Which of the following accounted for the highest percentage of federal government spending in 2013?
Social Security is the largest federal spending program and has held this position since surpassing defense in 1993. Medicare is one of the largest and fastest-growing programs in the entire federal budget.
What country has the most debt?
Japan
Japan, with its population of 127,185,332, has the highest national debt in the world at 234.18% of its GDP, followed by Greece at 181.78%. Japan’s national debt currently sits at ¥1,028 trillion ($9.087 trillion USD).
What was the federal deficit in 2020?
$3.13 trillion
The deficit in 2020 totaled $3.13 trillion and already is at $2.06 trillion through the first eight months of the fiscal year. Total government debt is now $28.3 trillion, of which the public holds $22.2 trillion.