FY15 Budget Execution Reports

Happy New Year from your FEAWM!  The Congressional Budget Office has posted reports to show what the federal government did with its finances in fiscal year 2015 (Oct 14-Sep 15). These documents break down revenue and expenses. A few extracted facts:
– “the 2015 deficit constituted the smallest since 2007”
– Individual income tax revenue was 4.5 times corporate income tax revenue (as a percentage of GDP)
– Discretionary spending for defense and EVERYTHING ELSE was just about equal



Discretionary Spending

Mandatory Spending

Source: https://www.cbo.gov/publication/most-recent

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