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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.
GDP. $16.026 trillion [ 3 ] Website. US Government Publishing Office. ‹ 2011. 2013 ›. The 2012 United States federal budget was the budget to fund government operations for the fiscal year 2012, which lasted from October 1, 2011 through September 30, 2012. The original spending request was issued by President Barack Obama in February 2011.
United States budget process. 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 ...
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, 2005.
GDP. $19.177 trillion (actual)[3] Website. Office of Management and Budget. ‹ 2016. 2018 ›. The 2017 United States federal budget is the United States federal budget for fiscal year 2017, which lasted from October 1, 2016 to September 30, 2017. President Barack Obama submitted a budget proposal to the 114th Congress on February 9, 2016.
The 115th United States Congress initially proposed three "minibus" appropriations bills prior to the beginning of the fiscal year. [3] [4] [5] Two of these were enacted prior to the beginning of the fiscal year, accounting for five bills totaling 77% of federal discretionary funding, and including a continuing resolution until December 7 for the remaining agencies.
The United States Federal Budget for Fiscal Year 1999 [8] (FY99) was a spending request by President Bill Clinton to fund government operations for October 1998–September 1999. It was the first balanced Federal budget in 30 years. [9] In FY99, revenues were 1.82 trillion dollars. Spending was 1.70 trillion dollars, the surplus was $124 ...
As of 2019, in the United States, approximately 55% of government spending is spent by the federal government, while the remaining 45% of government spending is spent by state and local government. [7][8] Federal government spending in the United States can be broken down into three general categories: mandatory/entitlement spending ...