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Terminology. v. t. e. The United States budget comprises the spending and revenues of the U.S. federal government. The budget is the financial representation of the priorities of the government, reflecting historical debates and competing economic philosophies. The government primarily spends on healthcare, retirement, and defense programs.

The federal debt at the end of the 2018/19 fiscal year (ended September 30, 2019) was $22.7 trillion (~$24.4 trillion in 2021). The portion that is held by the public was $16.8 trillion. Neither figure includes approximately $2.5 trillion owed to the government. [84] Interest on the debt was $404 billion.

The list is mainly based on the CIA World Factbook for the years 2020 and 2021 The Chinese, Brazilian, Indian, and United States government budgets are the figures reported by the International Monetary Fund. The table includes information from government's budgets; namely revenues, expenditures and the resulting deficits or surpluses. The ...

v. t. e. The Balanced Budget Act of 1997 ( Pub. L. 105–33 (text) (PDF), 111 Stat. 251, enacted August 5, 1997) was an omnibus legislative package enacted by the United States Congress, using the budget reconciliation process, and designed to balance the federal budget by 2002. This act was enacted during Bill Clinton's second term as president.