Tax Policy Center

Fiscal Facts

April 29, 2024
Total current government spending, across all government levels, has exceeded revenues each year since 1930. As a share of GDP, the difference between current spending and revenues peaked at 23% in 2020 due to various COVID-19 pandemic economic relief mea
Fact: 
Total current government spending, across all government levels, has exceeded revenues each year since 1930. As a share of GDP, the difference between current spending and revenues peaked at 23% in 2020 due to various COVID-19 pandemic economic relief measures.
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