2006 United States federal budget

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2006 (2006) Budget of the United States federal government
2005
2007
Submitted February 7, 2005 [1]
Submitted by George W. Bush
Submitted to 109th Congress
Total revenue $2.18 trillion (requested)[2]
$2.41 trillion (actual)[3]
Total expenditures $2.66 trillion
Deficit $248.2 billion
Debt $8.45 trillion
Website Congressional Budget Office

The United States federal budget for fiscal year 2006 is a spending request by President Bush to fund government operations for the year beginning October 1, 2006.

Total Receipts[edit]





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2006 Actual Receipts by Source

  Social Security/other payroll tax (34.8%)
  Excise tax (3.1%)
  Estate and gift taxes (1.2%)
  Customs duties (1.0%)
  Other miscellaneous receipts (1.9%)

(in billions of dollars)

Source Requested[2] Actual[3]
Individual income tax 967 1,044
Corporate income tax 220 354
Social Security and other payroll tax 819 838
Excise tax 76 74
Estate and gift taxes 26 28
Customs duties 28 25
Other miscellaneous receipts
(Including, Capital gains tax and Generation-skipping transfer tax)
42 45
Total 2,178 2,407

Total Spending[edit]

The President's budget for 2006 totals $2.7 trillion. This budget request is broken down by the following expenditures:

  • $544.8 billion (20.90%) - Social Security
  • $512.1 billion (18.00%) - Defense
  • $359.5 billion (13.79%) - Unemployment and welfare
  • $345.7 billion (13.26%) - Medicare
  • $268.4 billion (10.30%) - Medicaid and other health related
  • $211.1 billion (8.10%) - Interest on debt
  • $88.7 billion (3.40%) - Education and training
  • $70.7 billion (2.71%) - Transportation
  • $68.4 billion (2.62%) - Veterans' benefits
  • $43.1 billion (1.65%) - Administration of justice
  • $38.4 billion (1.47%) - Foreign affairs
  • $31.2 billion (1.20%) - Natural resources and environment
  • $26.0 billion (1.00%) - Agriculture
  • $24.0 billion (0.92%) - Science and technology
  • $19.1 billion (0.73%) - Community and regional development
  • $17.8 billion (0.68%) - General government
  • $23.4 billion - Energy

Adjustments[edit]

  • -$698 billion (2.68%) - Undistributed offsetting receipts

2006 Deficit Estimate[edit]

(The amount that government spending exceeds total receipts)

  • $500 billion

See also[edit]

References[edit]

  1. ^ "Press Release". President Proposes Tight FY 2006 Budget for the National Archives. National Archives. Retrieved March 19, 2015. 
  2. ^ a b "2006 Public Budget Database". Fiscal Year 2006 Public Budget Database. United States Office of Management and Budget. Receipts: Public Budget Database. Retrieved March 15, 2015. 
  3. ^ a b "2008 Public Budget Database". Fiscal Year 2008 Public Budget Database. United States Office of Management and Budget. Receipts: Public Budget Database. Retrieved March 15, 2015. 

External links[edit]