What is the current budget of United States? What is the share of health care in budget?

What is
the share of national defense/ military?
Budget of United States
Government Budget are those pre planned document that current government prepare and
provide overview of revenue and spending in the different development activities such as road
construction, health care, national defense in coming year. Usually, economist defines budgets as
expenditure of the country that carried for economic growth of the country (Guell, 2012).
There are three basic type of budgets that the government prepare. They are operating,
capital and cash. The operating budget includes those funds spends on short-term purpose such
as the personnel payroll and the goods and service that government agencies used on day-to-day
business activities for examples, salaries and benefit for employees, funding for utilities and so
on. The operating budgets also include funds that used in the jurisdiction operation that range
from road maintenance, to park and recreation supervision, tax collection, education, health care
and defense. The capital Budget include funds for purchase of long-lived physical assets such
as building, lands for parks, and high cost equipment such as airport expansion and soon. Cash
Budgets are separated to manage the cash flow demands of operation on a daily, weekly,
monthly and annual basis. The main purpose of cash budget prepares to ensure the liquidity and
solvency of government and its agencies (McCaffery, 2001).
Besides this, other terms used in government budgets are balanced budget, surplus budget
and deficit budgets. Balanced budget occurs if revenue budget equal expenditure of budgets.
Similarly, surplus budgets occur if revenue budget are greater than expenditure budgets.
Likewise, deficit budgets occur if revenue budget are lower than expenditure budgets. Recently,
US federal budgets are deficit budgets though it was developed and powerful country. This is

made to encourage government department to focus on development to get better society than
yesterday. The federal budget fulfills these deficit budget from people, profit and non-profit
organization within the country. The government earn revenue from different source such as
profit tax, land premium, stamp duty, salaries tax and investment income. (Fischer & Easterly,
1990).
Current budget of united states estimated to be $3,999 billion dollars for 2016. In the
heath care, government budget separated 583 billions dollars for medicare and 351 billions
dollars for medicaid. Similarly, federal government estimated 605 billions dollars for
defense/military in budget of 2016 (n.d., 2015). The figure of budget of federal government of
united states are as follows:-

United States Federal Budget of 2016 (In billions of constant dollars, adjusted for populaton growth)
Defense

Non-defense

Social Security

Medicare

Mediaid

Other mandatory programs

Allowance for immigration reforms

0%
18%

16%

9%

15%

16%
25%

References
Guell, R. C. (2012). Issues In Economics Today. McGraw-Hill.
McCaffery, J. L. (2001). Budgeting and financial management in the federal
government. [Books24x7 version] Available from http://common.books24x7.com.ezp01.lirn.net/toc.aspx?bookid=8831.
Fischer, S., & Easterly, W. (1990, July). The Economics of the Government Budget Constraint.
The World Bank Research Observer, 5(2), 127-42.
n.d. (2015). Buget of the United States Government. Office of Management and Budget, 1-141.
Retrieved from
https://www.whitehouse.gov/sites/default/files/omb/budget/fy2016/assets/budget.pdf