Instructions For Form 1040a - U.s. Individual Income Tax Return - 2017 Page 89
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92Major Categories of Federal Income and Outlays for Fiscal Year 2016
Income and Outlays. These pie charts show the relative sizes of the major categories of federal income and outlays for scal year 2016.
Income
Outlays*
Net
Physical,
Law
Personal income
Social security,
interest
human, and
Social security, Medicare,
enforcement
taxes
on the
Medicare, and other
community
and unemployment and other
and general
40%
retirement
debt
1
development
3
retirement taxes
government
6%
42%
7%
29%
2%
Excise, customs,
Social
estate, gift, and
programs
4
miscellaneous
Corporate
National defense,
23%
Borrowing to
income taxes
taxes
veterans, and foreign
cover de cit
8%
8%
affairs
2
15%
21%
* Numbers may not total to 100% due to rounding.
On or before the first Monday in February of each year the Pres-
2. National defense, veterans, and foreign affairs: About
ident is required by law to submit to the Congress a budget pro-
15% of outlays were to equip, modernize, and pay our armed
posal for the fiscal year that begins the following October. The
forces and to fund national defense activities; 4% were for vet-
budget plan sets forth the President's proposed receipts, spend-
erans benefits and services; and about 1% were for international
ing, and the surplus or deficit for the Federal Government. The
activities, including military and economic assistance to foreign
plan includes recommendations for new legislation as well as
countries and the maintenance of United States embassies
recommendations to change, eliminate, and add programs. After
abroad.
receipt of the President's proposal, the Congress reviews the
3. Physical, human, and community development: These
proposal and makes changes. It first passes a budget resolution
outlays were for agriculture; natural resources; environment;
setting its own targets for receipts, outlays, and surplus or defi-
transportation; aid for elementary and secondary education and
cit. Next, individual spending and revenue bills that are consis-
direct assistance to college students; job training; deposit insur-
tent with the goals of the budget resolution are enacted.
ance, commerce and housing credit, and community develop-
In fiscal year 2016 (which began on October 1, 2015, and
ment; and space, energy, and general science programs.
ended on September 30, 2016), Federal income was $3.268 tril-
4. Social programs: About 16% of total outlays were for
lion and outlays were $3.853 trillion, leaving a deficit of $585
Medicaid, Supplemental Nutrition Assistance Program (former-
billion.
ly food stamps), temporary assistance for needy families, sup-
plemental security income, and related programs; and 6% for
Footnotes for Certain Federal Outlays
health research and public health programs, unemployment
compensation, assisted housing, and social services.
1. Social security, Medicare, and other retirement: These
programs provide income support for the retired and disabled
and medical care for the elderly.
Note. The percentages shown here exclude undistributed offsetting receipts, which were $95 billion in fiscal year 2016. In the budget, these receipts are offset against spending in figuring the outlay totals shown above.
These receipts are for the U.S. Government's share of its employee retirement programs, rents and royalties on the Outer Continental Shelf, and proceeds from the sale of assets.
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