![]() Many people put off creating a household budget because they think that they don’t really know how to budget. To make budgeting easier for you and your spouse, family or household, we’ve created an intelligent, interactive Canadian budget calculator spreadsheet in Excel that you can download and use for free as your personal budget template (it's now available on the Mac too). Dracopoulos iDeas Lab, the in-house digital, multimedia, and design agency at the Center for Strategic and International Studies.Free Interactive Budget Calculator Spreadsheet for Canadians – Easy to Use Excel Template to Help You Create a Personal Budget This interactive is a product of the Andreas C. Mandatory funding for programs like Social Security and Medicare and some veterans’ benefits and services do not require an annual appropriations act from Congress each year and is instead provided automatically by formulas specified in law. Mandatory funding, also known as direct funding, is budget authority provided by permanent appropriations that continue in perpetuity unless modified by Congress. Discretionary funding refers to budget authority provided by annual appropriations passed by Congress. There are also different types of government funding. For example, “050 National Defense” is divided into “051 Department of Defense – Military,” “053 Atomic Energy Defense Activities,” and “054 Defense-related Activities.” Budget functions are then further divided into subfunctions. This accounting method groups funding for similar activities together regardless of the organization that spends those dollars. In addition to being organized by agency or department, government funding can be broken into budget functions. Budget authority refers to the funding appropriated by Congress for spending over a given period, as opposed to outlays, which refer to the funds taken from the Treasury in payment. The government budget data compiled in the interactive reflects federal budget authority organized both by federal agency or department, and by budget function. The data was adjusted for inflation using the GDP Chained Price Index published in Historical Table 10.1 with a base year of FY 2021. The data for FY 2020 is current as of February 2020 and therefore does not include supplemental appropriations enacted in response to Covid-19. The FY 1976 – FY 2025 time frame was selected given the available data from the Historical Tables (although budget authority for the transition quarter (TQ) between FY 1976 and FY 1977 when the start of the fiscal year was shifted from July 1 to October 1 is not included). This tool compiles data from the Office of Management and Budget (OMB) Historical Tables for budget authority by agency and by budget function from FY 1976 to FY 2025 (the data for FY 2021 to FY 2025 are projections from the administration’s FY 2021 budget request). Recognizing the context in which arguments concerning the budget are made enables analysts and observers to look past the rhetoric and assess the facts. In the context of total government spending (including both discretionary and mandatory funds), the national defense budget is only 15 percent of the FY 2021 budget request and is exceeded by funding for Social Security and Medicare. For example, the discretionary “050 National Defense” budget request of $740.5 billion for FY 2021 clearly dominates the government’s overall discretionary budget request, accounting for over 55 percent of the total and over seven times greater than the second largest budget function (“700 Veterans Benefits and Services”). Toggle between the different spreadsheets to see government spending in different contexts. The sections below provide more detailed information on the methodology and definitions of associated terms. Comparisons can be made in terms of discretionary funding only, or both discretionary and mandatory funding. Users can make direct comparisons of funding for government agencies or budget functions in inflation-adjusted dollars. This interactive tool attempts to alleviate confusion over government spending by providing a breakdown of the federal budget from FY 1976 to FY 2020, with projections from the most recent budget request for FY 2021 to FY 2025.
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