| Year: | 2023 |
| Budget of the United States federal government[1] | |
| Period: | October 2022 to September 2023 |
| Total Revenue: | $4.439 trillion (actual)16.5% of GDP |
| Total Expenditures: | $6.134 trillion (actual)22.8% of GDP |
| Deficit: | $1.695 trillion (actual) 6.3% of GDP |
| Next Year: | 2024 |
| Next Budget: | 2024 United States federal budget |
| Previous Year: | 2022 |
| Previous Budget: | 2022 United States federal budget |
| Country: | United States |
The United States federal budget for fiscal year 2023 ran from October 1, 2022, to September 30, 2023. The government was initially funded through a series of three temporary continuing resolutions. The final funding package was passed as an omnibus spending bill, the Consolidated Appropriations Act, 2023.
Under the United States budget process established in 1921, the US government is funded by twelve appropriations bills that are formed as a response to the presidential budget request submitted to congress in the first few months of the calendar year. The various legislators in the two chambers of congress negotiate over the precise details of the various appropriations bills. In some politically contentious years when these negotiation processes deadlock, the Legislative Branch passes a continuing resolution that essentially extends the current funding levels into the new fiscal year until a budget can be agreed upon by a majority of both houses and signed into law by the President of the United States. Supplemental appropriations bills can provide additional appropriations for emergencies and other matters.
These appropriations bills are classified as discretionary spending, and make up around 22% of federal expenditures. The remainder is classified as mandatory spending, which includes programs such as Social Security and Medicare, as well as interest on debt.[2]
The Biden administration budget proposal was released in March 2022.[3]
A series of three continuing resolutions were passed to initially fund government operations:[4]
All 12 appropriations bills were enacted as a part of the Consolidated Appropriations Act, 2023, a $1.7 trillion omnibus spending bill that was signed by President Joe Biden on December 29, 2022. The bill also included supplemental appropriations for disaster relief and additional aid to Ukraine.