#FEDERAL BUDGET 2021 CHART FULL#

Inspires people around the world it is one of the best 'brands' of the United States.

Promotes international collaboration and supports peaceful foreign policy. The National Debt is High and Rising In July, the Congressional Budget Office (CBO) projected debt would rise from 100 percent of Gross Domestic Product (GDP) at the end of Fiscal Year (FY) 2020 to a record 106.4 percent of GDP by 2031.

Satellites, telecommunications, remote sensing, and GPS technologies.

Advances space-related industries and has made contributions thatĭirectly impact people every day: including the first weather.

Positive ripples throughout the economy larger than other federal

Supports technology development and skilled manufacturing, creating.

2 Key Takeaways Government spending for FY 2021 budget is 4.829 trillion.

It's 20.7 of gross domestic product according to the Office of Management and Budget Report for FY 2021. Benefits of NASAĪccording to a report by The Tauri Group, NASA provides broad social and economic benefits to the United States. 1 That's the federal budget for the fiscal year 2021 covering October 1, 2020, through September 30, 2021. Source: NASA Procurement Data View/Casey Dreier.

#FEDERAL BUDGET 2021 CHART FULL#

See the full list, including prior fiscal years, in this Google Spreadsheet. The top 10 states by NASA contracted spending obligations in FY 2021. Though they in turn work with many additional supplies and businesses. We track how federal money is spent in communities across America and beyond. Compared to the federal spending of 3.35 trillion for the same period last year ( Oct 2021 - Apr 2022) our federal spending has increased by 266 billion. USAspending is the official open data source of federal spending information. SpaceX, and Orbital Sciences-are the biggest recipients of NASA funding, Fiscal year-to-date (since October 2022) total updated monthly using the Monthly Treasury Statement (MTS) dataset.

NASA's major contractors-Boeing, Lockheed-Martin, NASA spent 73.5% of its total budget on contracts with nearly 5,000īusinesses, nonprofit organizations, and educational institutions across Through contracts and grants made in every state of the union. NASA employs aboutġ7,000 people and supports the employment of tens of thousands more In total, federal tax collections reached $4.047 trillion in fiscal year 2021, an all-time high in nominal terms.Īs a share of GDP, total federal tax collections hit 17.8 percent this year, which is higher than almost any year (2015 is the exception) since the Bush tax cuts in 2001, and substantially higher than the 16.3 percent of GDP that was collected on average between the passage of the Bush tax cuts in 2001 and the TCJA in 2017.NASA spends its money on Earth, not in space. Chart Compare Export API Embed United States Government Budget Federal Government budget balance is the difference between budget receipts (income) and budget outlays (spending). Payroll tax revenue came in at $1.308 trillion, close to last year’s total, and other receipts came in at $317 billion. In addition, the rebounding economy has boosted individual income tax collections to an all-time high of $2.052 trillion for the fiscal year. Likewise, as a share of GDP, corporate tax collections are higher this year (1.63 percent) than in 2017 (1.52 percent). And join us in tracking the trillions of dollars of spending, tax cuts, loans, grants, and subsidies authorized and. As the chart below shows, three major areas of spending make up the majority of the budget: Social Security: In 2022, 21 percent of the budget, or 1. In fact, corporate tax collections this year are about 25 percent higher than the $297 billion collected in 2017, prior to passage of TCJA. This year’s robust corporate tax collections calls into question efforts by the administration and congressional Democrats to increase the corporate tax rate and raise other corporate taxes based on claims of relatively low tax collections following the Tax Cuts and Jobs Act (TCJA) in 2017. This is a 75 percent increase over the previous year’s total, reflecting a rebound in corporate profits and the broader economy. released the text of a 3.5 trillion budget framework that is meant to give Democrats the opportunity to approve major federal. The Congressional Budget Office (CBO) now estimates that the federal government received $370 billion in corporate tax revenue over the past year (fiscal year 2021), matching the record high level from 2007.

Federal budget 2021 chart