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The United States budget comprises the spending and revenues of the U.S. federal government. The budget is the financial representation of the priorities of the government, reflecting historical debates and competing economic philosophies. The government primarily spends on healthcare, retirement, and defense programs.
Federal spending per capita (that is, per person in the U.S.) was approximately $11,551 during 2011, versus $6,338 in 2000. Adjusted for inflation, these amounts were $5,133 in 2011 and $3,496 in 2000. Adjusted for inflation, federal spending per person remained around $3,500 throughout the 1990s.
The United States budget process is the framework used by Congress and the President of the United States to formulate and create the United States federal budget. The process was established by the Budget and Accounting Act of 1921, [ 1] the Congressional Budget and Impoundment Control Act of 1974, [ 2] and additional budget legislation.
The history of the United States public debt began with federal government debt incurred during the American Revolutionary War by the first U.S treasurer, Michael Hillegas, after the country's formation in 1776. The United States has continuously experienced fluctuating public debt, except for about a year during 1835–1836.
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View history; Tools. Tools. move to sidebar hide. ... Download as PDF; Printable version; Appearance. ... 1992 United States federal budget; 1993 United States ...
Website. gpo.gov. Footnotes. [ 1] The United States Government Publishing Office ( USGPO or GPO ), formerly the United States Government Printing Office, is an agency of the legislative branch of the United States Federal government. The office produces and distributes information products and services for all three branches of the Federal ...
61.8% of GDP (actual) [5] GDP. $13.685 trillion [6] Website. Office of Management and Budget. ‹ 2005. 2007 ›. The 2006 United States Federal Budget began as a proposal by President George W. Bush to fund government operations for October 1, 2005 – September 30, 2006 . The requested budget was submitted to the 109th Congress on February 7 ...