Source: Congressional Budget Office (CBO) May 2022 baseline and Summary for Fiscal Year 2022
Outlays in FY 2022:
Social Security: $1.206 trillion. Old-Age, Survivors and Disability Insurance.
Medicare: Nearly $1 trillion in total outlays. Medicare is national health insurance administered by the federal government for people 65 and over and disabled Americans. It is financed by payroll taxes, general tax revenues, premiums, and copayments.
Medicaid: $592 billion. Medicaid, financed jointly by the federal and state governments, is administered by the states. It is the major health program for low-income Americans. A large portion of Medicaid pays for long-term care for low-income elderly.
Other Direct/Mandatory Spending: $967 billion (net of offsetting receipts). This category consists of direct spending programs other than the three largest—Social Security, Medicare and Medicaid. Other direct spending programs include federal civilian retirement, veterans benefits, outlays from the earned income and child tax credits, food stamps (now known as SNAP, Supplemental Nutrition Assistance Program)25F, highway and public transit programs, military retirement, Affordable Care Act subsidies, Supplemental Security Income, Temporary Assistance for Needy Families, Unemployment Compensation, Child Nutrition, agriculture support programs, and the Children’s Health Insurance Program (CHIP).
Defense Discretionary Spending: $760 billion, allocated by the annual Defense appropriations bill.
Non-defense Discretionary: $962 billion, allocated by the other 11 regular appropriations bills— Agriculture-Rural Development-FDA; Commerce-Justice-Science; Defense, Energy-Water; Financial Services and General Government; Homeland Security, Interior-Environment; Labor-Health and Human Services-Education; Legislative Branch; Military Construction-Veterans Affairs; State-Foreign Operations; and Transportation-HUD (see Appendix T).
Net Interest on the Debt: $534 billion.
Source: Joint OMB-Treasury Statement on Budget Results for FY 2022