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1 The Federal Budget in Fiscal Year 2023: An Infographic [1] (March 5, 2024)

handle is hein.congrec/flbtfl0001 and id is 1 raw text is: THE FEDERAL BUDGET IN Mandatory $3.8 Trillion Mandtory13.9% of GDP 50CII FISCAL$YEAR1.7 Trillion 13 .% rilo ofGD 0 * 2023 $659 Billion 2.4% of GDP Defi $6.1 I; Trillion 22.7% of GDP Nondefense Cu lays pa veterans hea Ilh care, educa tion, and trans>port tio n;:ert yin heAlth pirgrams;:certa'Iin( in-me ecurity proMgrams11and o;ther activIties.A Total Outlays Medicare outlay cilon sito eei s:7 Include pendind t:,'rted-i II ciIIi In Ind nIIIIt II [it I)en -titsoin - .-tei)ns b petit, end rtlI -I n 1,ind A / Iii dr n s, minus in pine ti )tt,-sting ipts ; tII- tIIIn tIIn, t([ Nl- di( u e rmedicare outlays oi>>i5t of L n=tlt i> >yin nts les income tron pren lun s ncl call?[ cite -tong 9} la ' s Individual tU-s d in~ m<1Corporate nmTaxes I-1cl111de - tilollec tn f reitncsfomteTaxes` *:iIe~moIcI F~deralReserve Billion 0.8% I $4.4 Tota Trillion Revenues o6.5'Y°Po soc ial In sura nce pro graum>> privly llS(cial Seculity a1n Meic re'sHospita l Cate ories Budget g of th e Mandatory Spending Di~zredorn~ ry Spending 0 I - P lnailypamen IBM Deficits and Debt Federal Deficits or Surpluses Percentage of GDP Annual Deficit: Amount by Which Outlays Exceed Revenues 15 Average Deficit (+), 1974 to 2023 3.7% 10 U spnig inyeasU f dficts the reasry brrow.fro inivdalbuiese,0h 5 i.. ._,. -t-jT- -7T------ r-. 0 -5 - 1975 1983 1991 1999 2007 2015 2023 6.3% 3.7% of GDP of GDP 97% of GDP $1.7 L Trillion 87% increase Change in net Debt held by the Def ict in Averag~e deficit fmfr: public at the end interest costs from 2023 over the past 50 years 202; of 2023 2021 to 2023 Federal Debt Held by the Public, 1974 to 2023 Percentage of GDP 100 Average Debt, 1974 to 2023 48.3% Debt 80 60 Deb hed-b th puli -ue 40 federal loans. Surpluses can be used to pay down debt. 20

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