As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on May 15, 2019

    

CBO released an interactive graphic showing the overall federal budget in fiscal year 2018 as part of its annual update of infographics on the federal budget.

    

The federal deficit in 2018 was $779 billion, equal to 3.9 percent of gross domestic product. Learn more about the deficit with a new interactive version of the infographic.

    

Mandatory spending by the federal government totaled $2.5 trillion in 2018, of which $1.7 trillion was for Social Security and Medicare.

    

Discretionary spending by the federal government totaled $1.3 trillion in 2018—about half for national defense and half for nondefense activities.

    

Revenues received by the federal government in 2018 totaled $3.3 trillion, of which $1.7 trillion was receipts from individual income taxes.

    

CBO will release The 2019 Long-Term Budget Outlook at 10:00 a.m. on Tuesday, June 25. The report presents projections of what federal spending, revenues, deficits, and debt would be for the next 30 years if current laws generally did not change.