Despite Donald Trump‘s announcement of his plans to introduce a Department of Government Efficiency, the proportion of money the U.S. government spends appears to be similar to that of other developed nations.
The president-elect announced on his social media platform Truth Social that Elon Musk and Vivek Ramaswamy would head up the new committee, otherwise known as “DOGE,” in a reference to the dogecoin cryptocurrency, of which Musk is a huge fan.
Trump said that the so-called department “will provide advice and guidance from outside of Government, and will partner with the White House and Office of Management & Budget.”
In light of the announcement, Newsweek has taken a dive into what the U.S. government’s spending looks like.
How Does the U.S. Compare to Other Countries on Government Spending?
According to data from the International Monetary Fund, the U.S. government appears to spend a similar proportion of its income to other countries across the globe.
Based …