What percentage of the U.S. federal budget is spent on entitlements?
It depends on how you look at it. A lot of spending gets moved around so it can be hard to track, for example some military spending isn't strictly allocated to the department of defense but it works its way there through other programs. Looking at the 2012. for entitlement spending there is mandatory spending, things like medicare and medicade, but there is also entitlement spending that goes on in funds that are allocated say to the department of health services. Without actually going through each departments books you can only give a rough estimitation. Here is a very rough guidline, it completely ignores how the departments are allocating spending.
Mandatory entitlements (Unemployment, Medicaid, Medicare, SS) : 2,009 million dollars about 56% of the 2010 Federal Budget
Medicare: 12 %
Defense Spending (including overseas operations): 663 million dollars or 18%
Like I said earlier, these figures are probably lower than they should be because I am only using what the Feds have allocated specifically to those programs. Any monies that end up being used for those programs via other departments isn't shown.
Also, a nitpicking point. Anyone that says half our budget is used on defense is either lying or doesn't understand that they are simply looking at the discretionary budget. Of the federal budget of 3,551 million dollars, 1,378 of discretionary. Military spending is part of the discretionary budget. It is a trick politicians and overzealous activist often like to use to confuse and mislead the public. The truth of the matter is that both military and entitlement spending is way beyound what is sustainable.
*I've seen other figures that show this around 25% of total federal budget.
Federal income taxes fund the federal budget. The federal budget is spent in a variety of ways, from military and defense spending, federal employee salaries, federal buildings, grants to state/local governments for various projects, such as roads and schools, foreign aide as well as everything else the federal government does. Check http://www.gpoaccess.gov/usbudget/ for more info about how/where the federal government spends money.
The 2014 federal budget shows that the largest parts of the budget were allotted to Social Security and Healthcare Costs with each accounting for 24% of the budget each. There are many different charts and budgets shown on the internet which are false to promote one political view or another one. This is the correct figures.
The Federal Budget is: The budget for the federal government. The federal budget of a country is determined yearly, and forecasts the amount of money that will be spent on a variety of expenses in the upcoming year. The Monetary policy is the process by which the monetary authority of a country controls the supply of money, often targeting a rate of interest for the purpose of promoting economic growth and stability . The government's…
I guess you mean either one of two things: the total value of goods and services purchased within a year, which is the definition of the Gross Domestic Product, or the money spent by the government, which is the Federal Budget. For both figures: Mexico's Gross Domestic Product: USD$ 1,143 billion. Mexico's Federal Budget: USD$ 321.2 billion.
The question is not specific enough for a sensible answer. Is the question about: What percentage of the world GDP is spent on cricket? The answer is probably 0. What percentage of national income is spent on cricket? The answer is probably 0 again. What percentage of a person's income is spent on cricket? The answer depends on the individual - his or her income and the country they live in, support and so on.
Not sure in more details or more recently, but according to Kettl's Politics of Administrative Process: In 2005, "the total personnel cost (including both wages and fringe benefits) budgeted for the for the civilian workers in the federal executive branch was just 7 percent. Adding those who work for the postal service, in the federal government's other branches, and in the armed services brought the total to only 13.8 percent. Cutting the number of federal…
An organizational budget is a target in that it establishes boundaries for how much money could be spent on one particular area of department or competency. The budget may not be laid in stone but provides a guideline for how operations need to function in order to stay within a maximum goal of money spent