![]() ![]() Infographics for other years are also available.ĭan Ready is an analyst in CBO’s Budget Analysis Division. Discretionary Spending in Fiscal Year 2022.You can view the infographics for 2022 below, including an interactive version of the one about the overall federal budget: Individual income taxes, shown in the fourth infographic, reached a historical high as a share of the economy in part because of greater-than-usual capital gains realizations. About the Budget of the United States Government. ![]() ![]() Two factors helped boost 2022 outlays above historical levels: the upfront costs recorded for the Administration’s student loan forgiveness plan and continued spending for programs enacted in response to the coronavirus pandemic. The Budget includes a major investment of 6. The first two infographics (which feature the budgetary overview and mandatory spending) show that Social Security and Medicare were the major drivers of mandatory spending in 2022 combined, spending for those programs eclipsed discretionary spending, which is presented in the third infographic. Launches Advanced Research Projects Agency for Health (ARPA-H). These infographics help people understand how much the government spends and takes in each year and what programs and revenue sources account for the largest portions of those budgetary flows. THE BUDGET DOCUMENTS Budget of the United States Government, Fiscal Year 2022 contains the Budget Message of the President, information on the Presidents. The United States is expected to record a Government Budget deficit equal to 5.8 percent of the countrys Gross Domestic Product in 2022. Today, CBO published the latest infographics showing the federal budget results in fiscal year 2022. Each year, CBO releases a set of four budget infographics that provide a detailed look at the past fiscal year as well as broader trends over the past few decades. The president’s fiscal year 2022 budget request makes key investments that defend our nation while innovating and modernizing, taking care of our warfighters and building strong relationships. ![]()
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