United States Federal Budget 2023 Pie Chart

Federal Budget Infographics: Explore US Government Spending

Overview of the 2023 Federal Budget

The Congressional Budget Office (CBO) recently released infographics that provide insights into the federal budget for fiscal year 2023. Despite the ongoing conflict in Ukraine, the estimates presented in these infographics do not account for the effects of the Ukraine Supplemental Appropriations Act 2022.

Spending Categories and Agencies

The infographics allow users to explore federal spending by various categories and agencies. Major categories include: * Social Security and Medicare: Entitlement programs that provide retirement and healthcare benefits. * Defense: Funding for military operations, research, and procurement. * Health: Programs related to healthcare, including Medicaid and the Affordable Care Act. * Interest on the National Debt: Payments to holders of government bonds.

Incomplete Appropriations

At the time the 2023 budget was prepared, appropriations for 2022 remained incomplete. This means that some spending estimates may differ from actual figures.

2023 Budget Results

The federal deficit in 2023 was $1.7 trillion, a significant decrease compared to the previous year. This reduction can be attributed to increased tax revenues and lower spending on pandemic-related programs. Charts with a current-policy baseline alter the CBO baseline by assuming more realistic economic conditions.

Additional Resources

The CBO infographics provide a valuable tool for understanding the complex federal budget. For additional information and analysis, refer to the CBO's official website.