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FAQs: Accounting & Budget

How can I get a copy of the Budget of the United States Government?

The Office of Management and Budget (OMB) publishes The Budget of the United States Government every year.

What are the ways that the Federal Government receives the revenue it uses to fund programs?

The Federal Government receives money to fund its operations from many sources. The major source of revenue is from individual income taxes. Other revenue is received through social insurance taxes and contributions, excise taxes, trust funds, estate and gift taxes, and Customs duties. Finally, the Government receives earnings from the Federal Reserve System's lending to financial institutions, fees for permits and regulatory and judicial services, and from gifts and contributions.

What are my tax dollars spent on every year?

The Office of Management and Budget, which is not part of the U.S. Department of the Treasury, publishes information on the budget as well as historical tables that provides data on budget receipts, outlays, surpluses or deficits, Federal debt, and Federal employment over an extended time period, going back as far as 1940 or earlier.

The Budget of the United States Government

Historical Tables

The Federal Government operates on a fiscal year that begins on October 1 and ends on September 30. The tax money the Federal Government collects is placed into the General Fund of the Treasury to pay for essential government services.






Last Updated: 8/16/2012 4:39 PM