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Social Security is the largest single program in the federal budget and makes up approximately one quarter of total federal spending.
Here are the top ten spending categories for the federal budget.
The PGPF chart pack illustrates that budget-making involves many competing priorities, limited resources, and complex issues.
The national debt has risen dramatically over the past year.
The growing debt is caused by a structural mismatch between spending and revenues.
The federal deficit is projected to decline in 2021, but is expected to remain high over the next decade
Reconciliation provides for expedited consideration of certain legislation; its use is particularly important in the Senate because it limits the time allowed for debate and prevents the inclusion of non-budgetary provisions.
Interest costs are projected to grow substantially.
Discretionary spending is projected to remain below its historical average.