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Current U.S. government spending is $4.407 trillion. That’s the federal budget for fiscal year 2019 (October 1, 2018, to September 30, 2019). It’s 21 percent of gross domestic product . Before the recession , the government kept federal spending below 20 percent of GDP. It grew no faster than the economy. On average, growth was 2 – 3 percent per year. During the recession, spending grew to a record 24.3 percent of GDP in FY 2012.