What is government database1/28/2024 In fiscal year (FY), the government spent $, which was than it collected (revenue), resulting in a. If the government spends less than it collects in revenue, there is a budget surplus. If the government spends more than it collects in revenue, then there is a budget deficit. Consequently, as the debt grows, the spending on interest expense also generally grows. The federal government also spends money on the interest it has incurred on outstanding federal debt. The federal government spends money on a variety of goods, programs, and services that support the economy and people of the United States.
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