Social Security holds the largest budget among the major budget functions for 2023.
Based on an analysis of the largest budget functions for 2023, Social Security leads with a substantial allocation of $1,354 billion. These budget functions represent broad categories of government spending that fund various programs and services essential to the nation's welfare and operation.
Understanding Budget Functions
Government budgets are typically organized into various functions to categorize spending on similar programs or services. While these are not always direct "departments," they represent the largest areas of expenditure managed by specific government agencies or through designated programs. The data highlights where the significant portions of federal funds are directed.
The following table details the largest budget functions for 2023:
| Budget Function | Budget Amount (in Billions) |
|---|---|
| Social Security | $1,354 |
| Health | $889 |
| Medicare | $848 |
| National Defense | $820 |
| Income Security | $775 |
| Net Interest | $658 |
| Veterans Benefits and Services | $302 |
| Transportation | $126 |
Note: This list includes the top budget functions, with Social Security clearly leading in expenditure.
For more information on federal budget functions, you can refer to resources from organizations that track government spending and fiscal policy.
