Question

2023 u.s. federal budget
expenditure category percent of budget
defense 28%
health care 21%
social security 21%
interest on the national debt 8%
homeland security 4%
education 3%
transportation 3%
labor 3%
food and agriculture 3%
international affairs 2%
housing and urban development 2%
energy and environment 1%
total 100%
total federal revenues (taxes collected) $ 4,400,000,000,000
total federal expenditures (spending amount) $ 6,100,000,000,000
what was the result? budget deficit = -$1,700,000,000,000

Explanation:

Step1: Identify revenue and expenditure values

Revenue = $4400000000000$, Expenditure = $6100000000000$

Step2: Calculate budget deficit

Budget Deficit = Revenue - Expenditure = $4400000000000 - 6100000000000=- 1700000000000$

Answer:

-$1700000000000$