2019 Federal Budget Breakdown
Introduction This is a Review of US Federal Government Budget. In it, the key concepts of the budget will be introduced (including the different classes of revenue and spending), the 2018 budget will be broken down and non-trivial categories illuminated, the exact composition of US Debt will be examined, and the Congressional Yearly Appropriations Process will be elucidated. Further, the President's 2019 Budget Proposal will be subsequently analyzed and his specific changes made clear. Finally, some conclusions will be drawn in the discussion where the current budget will be compared against historical precedence and where it will be examined and inferred what future the budget is leading us towards. To begin, the Federal government has a revenue of $3.328 Trillion , spends $4.108 Trillion per year and has a deficit of $779 Billion . It holds a Total Debt of $21.4 Trillion , including an Intergovernmental Debt of $6.8 Trillion and a Public debt of $14