Government of Alstin: Difference between revisions
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== Budget == | == Budget == | ||
The budget document often begins with the president's proposal to Parliament recommending funding levels for the next fiscal year, beginning October 1 and ending on September 30 of the year following. The fiscal year refers to the year in which it ends. | |||
For fiscal year (FY) 2028, the federal government spent $1.875 trillion. Spending equalled 21.7% of gross domestic product (GDP), lower than the 50-year average. The deficit equalled $134.56 billion, 1.56 percent of GDP. Tax revenue amounted to $1.740 trillion, with receipt categories including individual income taxes ($817.8B or 47%), Social Security taxes ($556.8B or 32%), and corporate taxes ($208.8B or 12%). | |||
== Elections == | == Elections == | ||
TBA | TBA | ||