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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. $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 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.
A balanced budget requirement is a law that requires a government to balance its budget annually, such that government spending equals government revenue. [26] There are two types of balanced budget requirements: ex-post balanced budget requirements, and ex-ante balanced budget requirements.
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 ...
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0–9. 1992 United States federal budget; 1993 United States federal budget; 1994 United States federal budget; 1995 United States federal budget; 1996 United States federal budget
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.