The federal fiscal year begins on Oct. 1 and runs through Sept. 30. In the first five months of fiscal 2012 (October through February), according to the Monthly Treasury Statement, total federal spending was approximately $1,473,999,000,000.00. In the first five months of fiscal 2013, total federal spending was $1,504,547,000,000.00.
Thus, federal spending was $30,548,000,000.00 more in the first five months of fiscal 2013 than it was during the first five months of fiscal 2012.
The federal government is also spending at a much faster pace this year than it did before President Barack Obama took office.
In the first five months of fiscal 2008 (the last full fiscal year before Obama took office), the federal government spent $1,230,412,000,000.00. That is $274,315,000,000.00 less than the $1,504,547,000,000.00 that the federal government spent in the first five months of this fiscal year.
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