Brett Watson
24:13 - 24:55
“Federal spending grew by $8.7 billion from just, just under $11 billion in federal fiscal year 2015 to just under $19, just under $20 billion in federal fiscal year 2023.”
- Speaker
- Brett Watson
- Timestamp
- 24:13 – 24:55
- Community
- Alaska News
- Location
- Alaska
- Captured at
From the transcript
Federal spending grew by $8.7 billion from just, just under $11 billion in federal fiscal year 2015 to just under $19, just under $20 billion in federal fiscal year 2023. Now, there was still some pretty significant COVID spending that was going on as part of the federal fiscal year 2023 budget. So if you take that federal or that COVID spending out, you get about $18 billion, just over $18 billion in federal spending in the state of Alaska. We can also kind of break that down between the major categories of federal spending. Direct payments, those are things like payments for Social Security and Medicare.
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