Reports from the Economic Front

a blog by Marty Hart-Landsberg

The Federal Budget In Pictures

The following charts, taken from a National Priorities Project post, highlight our federal budget priorities.

As the post explains:

President Obama recently released his fiscal year 2016 budget proposal. Budgets are about our nation’s priorities: What are we going to spend money on? How are we going to raise the money we want to spend?

Though the budget ultimately enacted by Congress may look very different from the budget request released by the president, the president’s budget is important. It’s the president’s vision for the country in fiscal year 2016 and beyond, and it reflects input and spending requests from every federal agency.

 Here’s a look at the overall proposed budget:

2016-budget-chart-total-spending2_large

 

2016-budget-chart-discretionary-mandatory-interest-on-debt2_large

 

Here’s a look at the allocation of discretionary tax dollars:

2016-budget-chart-discretionary_large

 

Here”s a look at the relative balance of military and non-military discretionary spending over time:

2016-budget-chart-military-non-military-discretionary_large

 

Here’s a look at the structure of taxes supporting federal spending:

2016-budget-chart-individual-corporate-tax-line-chart_large

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