Federal Spending by Agency and Budget Function, FY2001-FY2005 PDF Download

Author: Philip D. Winters
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Languages : en
Pages : 0

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Book Description
This report provides federal spending data by agency and by budget function for fiscal year 2001 through fiscal year 2005. The data, ranked by size, reveal the concentrated nature of federal spending. The largest four agencies (of 51 listed) produce 83% of total outlays and the six largest (of 19) budget functions produce 86% of total outlays. Most of the spending by the largest agencies and within the largest budget functions is either mandatory spending (such as Social Security, Medicaid, and income support, among others), defense spending, or net interest spending on federal debt. This report provides federal spending data by agency and by budget function for fiscal year 2001 through fiscal year 2005. The data, ranked by size, reveal the concentrated nature of federal spending. The largest four agencies (of 51 listed) produce 83% of total outlays and the six largest (of 19) budget functions produce 86% of total outlays. Most of the spending by the largest agencies and within the largest budget functions is either mandatory spending (such as Social Security, Medicaid, and income support, among others), defense spending, or net interest spending on federal debt. The concentration of federal spending in broadly popular or necessary activities makes congressional efforts to find and implement large spending reductions difficult. Without a substantial reordering of the public's priorities as reflected in the government's allocation of resources, most spending reduction efforts seem destined to remain relatively small and, thus, are likely to have a limited effect on overall federal spending. This report will be updated as new budget data become available.