The federal budget in 2013

1. The
FEDERAL
BUDGET
IN 2013 A Closer Look at Revenues
Funds collected from the public that arise from the government’s exercise of its sovereign powers
All data are for federal fiscal years,
which run from October 1 to September 30.
Numbers may not add up to totals because of rounding.
REVENUES, $2.8 Trillion
SPENDING, $3.5 Trillion
Mandatory
$2.0 Trillion
Discretionary
$1.2 Trillion
Net Interest
$0.2 Trillion
FISCALYEAR2013
Individual
Income Taxes
Corporate Income Taxes
Social Insurance
(Payroll) Taxes
Other
0 200 400 600 800 1,000 1,200 1,400
Individual
Income Taxes
$1,316 Billion
Social Insurance
(Payroll) Taxes
$948 Billion
Corporate
Income Taxes
$274 Billion
Other
$237 Billion
Old-Age, Survivors, and Disability Insurance
Excise
Taxes
Federal
Reserve
Earnings
Miscellaneous
Fees and Fines
Customs
Duties
Hospital Insurance Other
$673 $209 $66
Estate and Gift Taxes
$84 $76 $32
$19
$27
Prepared by Maureen Costantino and Jonathan Schwabish
Source: Congressional Budget Office, April 2014
Contact: CBO Tax Analysis Division
For more details, see CBO’s Updated Budget Projections: 2014 to 2024
(April 2014), http://go.usa.gov/k2TA.
Trends in Revenues
Percentage of gross domestic product
Revenues in 2013
Billions of dollars
0
2
4
6
8
10
1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013
Omnibus Budget
Reconciliation
Act of 1993
Taxpayer Relief
Act of 1997
Economic Growth
and Tax Relief
Reconciliation Act
of 2001
Jobs and Growth
Tax Relief
Reconciliation Act
of 2003
Tax Relief,
Unemployment Insurance
Reauthorization, and
Job Creation Act of 2010
American Taxpayer
Relief Act of 2012
Recession Recession
Revenues at a Glance
Revenues received by
the federal government
in 2013
$2.8 Trillion
Receipts in 2013 from
individual income taxes,
the largest source
of revenues
$1.3 Trillion
Revenues as a
percentage
of gross domestic
product in 2013
Average revenues as a
percentage of gross
domestic product between
1993 and 2012
16.7% 17.2%