![]() ![]() The CFO’s office directs and coordinates all the development, execution, and oversight activities involving budget, performance, and finance for DOT's programs and staff offices. Note: Shaded area represents recession, as determined by the National Bureau of Economic Research. Updated JIn fiscal year 2022, the federal government is estimated to spend 5.8 trillion, amounting to 23.5 percent of the nation’s gross domestic product (GDP). ![]() of the OECD, but that do report comparable statistics, are also included in this graph. DOT's budget, performance, and financial management activities are overseen by the Office of the Chief Financial Officer and Assistant Secretary for Budget and Programs, also known as the CFO’s office. 12.0 14.0 16.0 Hover over chart to view data. In the US, public spending as a share of GDP was 10.5 in 1941. ![]()
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