May 27, 2021 - Politics & Policy

By the numbers: Federal spending keeps rising

Data: Office of Management and Budget and USAspending.gov; Chart: Andrew Witherspoon/Axios

President Biden will call for $6 trillion in government spending next year when he unveils his FY2022 budget on Friday, as the New York Times first reported.

The big picture: Annual government spending has been rising for years, but it spiked last year because of the nation's coronavirus recovery efforts.

  • Although the most recent OMB data estimated government spending to be $4.8 trillion in 2020, the federal government ended up spending $6.55 trillion when coronavirus relief measures were included, according to USAspending.gov.

By the numbers: Biden's first budget proposal includes his massive infrastructure and education and families plans.

  • If enacted, it would be the most sustained federal spending in more than 50 years and would drive the federal deficit to more than $1.3 trillion over the next 10 years, according to the Times.
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