Infographic: Mandatory Spending in 2013
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Infographic: Mandatory Spending in 2013

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The federal budget in 2013

The federal budget in 2013

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Infographic: Mandatory Spending in 2013 Infographic: Mandatory Spending in 2013 Document Transcript

  • The FEDERAL BUDGET IN 2013 A Closer Look at Mandatory Spending Primarily benefit programs for which laws set eligibility rules and benefit formulas Mandatory Spending in 2013 Billions of dollars Mandatory Spending at a Glance Mandatory Spending in 1993 and 2013 Percentage of gross domestic product REVENUES, $2.8 Trillion SPENDING, $3.5 Trillion Mandatory $2.0 Trillion Discretionary $1.2 Trillion Net Interest $0.2 Trillion FISCALYEAR2013 -200-400 0 200 400 600 800 1,000 Major Health Care Programs $861 Billion Social Security $808 Billion Income Security Programs $340 Billion Federal Civilian and Military Retirement $153 Billion Veterans’ Benefits $80 Billion Other Programs $95 Billion Offsetting Receipts −$305 Billion Medicare $265 $10 Medicaid Other Old-Age and Survivors Insurance $668 $140 $69$83$84 $92 $54 $66 $14 $7 $53 $52 Disability Insurance Unemployment Compensation Supplemental Nutrition Assistance Program Earned Income, Child, and Other Tax Credits Supplemental Security Income Other Civilian Military Other Income Security Other Funds collected by government agencies from other government accounts or from the public that are credited as an offset to gross spending. Offsetting receipts include Medicare premiums, intragovernmental payments for federal employees’ retirement, and receipts related to natural resources (such as those from oil and gas exploration and development). Change (Percentage points)1993 2013 Prepared by Maureen Costantino and Jonathan Schwabish Source: Congressional Budget Office, April 2014 Contact: CBO Projections Unit, Budget Analysis Division For more details, see CBO’s Updated Budget Projections: 2014 to 2024 (April 2014), http://go.usa.gov/k2TA. All data are for federal fiscal years, which run from October 1 to September 30. Numbers may not add up to totals because of rounding. $585 Other Medicaid Medicare Major Health Care Programs 2.0 Disability Insurance Old-Age and Survivors Insurance Social Security Other Supplemental Security Income Supplemental Nutrition Assistance Program Earned Income, Child, and Other Tax Credits Unemployment Compensation Income Security Programs Federal Civilian and Military Retirement Veterans’ Benefits Other Programs Offsetting Receipts 0.1 0.5 1.4 0.3 0.1 0.4 −0.1 0.0 0.1 −0.1 0.4 0.3 −0.1 0.2 0.4 −0.9 −2 0 2 4 6 −2 0 2 4 6 $2.0 Trillion $861 Billion Mandatory spending by the federal government in 2013 Spending in 2013 on major health care programs (without subtracting offsetting receipts), the largest component of mandatory spending Average mandatory spending as a percentage of gross domestic product between 1993 and 2012 10.6%12.2% Mandatory spending as a percentage of gross domestic product in 2013