Projected Spending for Major Budget Categories

Vocabulary flashcards covering projected spending for major federal budget categories from 2013 to 2024 as a percentage of gross domestic product, based on Office of Management and Budget data.

Budget Category with the Least Spending in 2024

Net Interest

All Other Programs

A budget category that consists of all mandatory programs other than Social Security and the major health care programs, as well as defense and nondefense discretionary programs.

Net Interest

The major federal budget category projected to account for the least spending in 2024 (projected at just over $3\%$ of gross domestic product).

Major Health Care Programs

A major budget category projected in the line graph to increase from under $5\%$ of gross domestic product in 2013 to approximately $6\%$ of gross domestic product by 2024.

Social Security

A major budget category projected in the line graph to rise steadily from under $5\%$ of gross domestic product in 2013 to nearly $6\%$ in 2024, tracking just below Major Health Care Programs.

Office of Management and Budget, 2014

The official source cited for the line graph projection of federal spending across major budget categories from 2013 to 2024.

Gross Domestic Product

The economic baseline against which federal spending in each major budget category is measured and projected as a percentage from 2013 to 2024.