![]() ![]() Lower than zero spending can occur when segments of government have surpluses from previous years that they return to the federal government. º Totals in chart do not equal $2.63 trillion because spending on Government (administration) and International Affairs are less than zero and are omitted in the mandatory spending pie chart. ![]() This chart shows how the president would allocate that spending. Lawmakers do not choose the exact amount of money spent on these programs, because they are dependent on the number of people who qualify for benefits, but rule changes can indirectly affect how much is spent. Mandatory spending includes earned-benefit programs that people pay into, such as Social Security and Medicare, and accounts for 65 percent of all spending in the president’s proposed 2016 budget. President Obama proposes to spend $2.63 trillion º in mandatory spending in fiscal year 2016, an increase of more than 5 percent over the 2015 enacted level. President's Proposed 2016 Budget: Mandatory Spending * Spending on Government (administration) is less than zero and omitted in the total spending pie chart. Social Security and labor, Medicare and health programs, and military spending will make up 76 percent of the total budget, leaving just 24 percent, or $957 billion of the $4.1 trillion total, to spend on all other programs. This includes every type of federal spending, from funding for discretionary programs like infrastructure improvements and job training to mandatory spending programs like Social Security and Medicare, as well as interest payments on the federal debt. This chart shows how President Obama proposed allocating $4.1 trillion * in total federal spending in fiscal year 2016, an increase of more than 5 percent over the total 2015 spending level. President's Proposed 2016 Budget: Total Spending These pictures tell the story of the priorities found in the president’s budget. It’s the president’s vision for the country in fiscal year 2016 and beyond, and it reflects input and spending requests from every federal agency. Though the budget ultimately enacted by Congress may look very different from the budget request released by the president, the president’s budget is important. Budgets are about our nation’s priorities: What are we going to spend money on? How are we going to raise the money we want to spend? President Obama recently released his fiscal year 2016 budget proposal. If you notice a document that is not accessible, please contact MMB's Accessibility Team.Easily share any of the charts below by clicking on the social media buttons directly below them. Minnesota Management and Budget (MMB) is committed to making its documents accessible for all persons. General Fund Spending by Major Area (Since 1990) - Reposted for Revision.General Fund Pie Charts - Reposted for Revision.General Fund Balance Financial Summaries - Reposted for Revision.Consolidated Fund Statement - Republished for Error Correction.General Fund Balance Analysis - Detail - Reposted for Revision.General Fund Balance Analysis - Summary - Reposted for Revision.November Forecast Transmittal and Revision Memo.General Fund Statement Financial Summaries.General Fund Pie Charts - Revised March 31, 2021Įnd of 2020 7th Special Legislative Session.General Fund Balance Financial Summaries - Revised March 31, 2021.Legacy FY 2021 Holdback Release Memo and Statements - April 29, 2021.Consolidated Fund Statement - Revised March 31, 2021.General Fund Balance Analysis - Detail - Revised March 31, 2021.General Fund Balance Analysis - Summary - Revised March 31, 2021.Transmittal Letter – Revising General Fund Balance.Price of Government - Reposted for Error Correction.General Fund Balance Analysis - SummaryĮnd of 2021 Regular and Special Legislative Session.General Fund Spending by Major Area (Since 1990)Įnd of 2022 Regular and Special Legislative Session.General Fund Balance Financial Summaries.Summary of the Current Estimates of State Budget Below you will find fund statements and supporting documentation for each forecast and legislative session affecting the FY 2024-25 biennium. Ultimately, the budget for the current two-year budget period (FY 2024-25) was enacted in May 2023. The official planning estimates for the FY 2024-25 biennium were first published with the November 2020 forecast with projections of revenue and spending changing with each forecast and legislative session after that. The current biennium, FY 2024-25, started on Jand ends June 30, 2025. Current Operating Budget – FY 2024-25 Biennium ![]()
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