2009 United States federal budget
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| Submitted by | George W. Bush |
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| Submitted to | 110th Congress |
| Total revenue | $2.7 trillion (estimated) $2.105 trillion (actual)[1] |
| Total expenditures | $3.107 trillion (estimated) $3.518 trillion (actual)[1] |
| Deficit | $407 billion (estimated) $1.413 trillion (actual)[1] |
| Debt | $12.867455 trillion (estimated) |
| Website | http://www.gpoaccess.gov/USbudget/fy09/hist.html US Government Printing Office |
The United States federal budget for fiscal year 2009 began as a spending request submitted by President George W. Bush to the 110th Congress. The final resolution was approved by the House on June 5, 2008.[2] The final spending bills for the budget were not signed into law until March 11, 2009 by President Barack Obama, nearly five and a half months after the fiscal year began.
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Total receipts [edit]
Estimated receipts for fiscal year 2009 are $2.7 trillion (+7.1%).
- $1.21 trillion – Individual income tax
- $949.4 billion – Social Security and other payroll taxes
- $339.2 billion – Corporate income tax
- $68.9 billion – Excise taxes
- $29.1 billion – Customs duties
- $26.3 billion – Estate and gift taxes
- $47.9 billion – Other
Total spending [edit]
The 110th Congress' budget for 2009 totaled $3.1 trillion. Percentages in parentheses indicate percentage change compared to 2008. This budget request is broken down by the following expenditures:
- Mandatory spending: $1.89 trillion (+6.2%)
- $644 billion – Social Security
- $408 billion – Medicare
- $224 billion – Medicaid and the State Children's Health Insurance Program (SCHIP)
- $360 billion – Unemployment/Welfare/Other mandatory spending
- $260 billion – Interest on National Debt
- Discretionary spending: $1.21 trillion (+4.9%)
- $515.4 billion – United States Department of Defense
- $145.2 billion(2008*) – Global War on Terror
- $70.4 billion – United States Department of Health and Human Services
- $68.2 billion – United States Department of Transportation
- $45.4 billion – United States Department of Education
- $44.8 billion – United States Department of Veterans Affairs
- $38.5 billion – United States Department of Housing and Urban Development
- $38.3 billion – State and Other International Programs
- $37.6 billion – United States Department of Homeland Security
- $25.0 billion – United States Department of Energy
- $20.8 billion – United States Department of Agriculture
- $20.3 billion – United States Department of Justice
- $17.6 billion – National Aeronautics and Space Administration
- $12.5 billion – United States Department of the Treasury
- $10.6 billion – United States Department of the Interior
- $10.5 billion – United States Department of Labor
- $8.4 billion – Social Security Administration
- $7.1 billion – United States Environmental Protection Agency
- $6.9 billion – National Science Foundation
- $6.3 billion – Judicial branch (United States federal courts)
- $4.7 billion – Legislative branch (United States Congress)
- $4.7 billion – United States Army Corps of Engineers
- $0.4 billion – Executive Office of the President
- $0.7 billion – Small Business Administration
- $7.2 billion – Other agencies
- $39.0 billion(2008*) – Other Off-budget Discretionary Spending
The financial cost of the Iraq War and the War in Afghanistan are not part of the defense budget; they were appropriations.
Deficit [edit]
Decreased tax revenue and high spending resulted in an unusually large budget deficit of about $1.4 trillion, well above the $407 billion projected in the FY 2009 budget.[3] A 2009 CBO report indicated that $245 billion, about half of the excess spending, was a result of the 2008 TARP bailouts. Tax cuts resulting from the American Recovery and Reinvestment Act of 2009 accounted for nearly half of the lost revenue.[4]
References [edit]
- ^ a b c "Summary Tables". 2011 Budget of the U.S. Government. United States Office of Management and Budget. February 1, 2010. Retrieved December 8, 2011.
- ^ "Final Vote Results for Roll Call 382". United States House of Representatives. June 5, 2008. Retrieved December 14, 2012.
- ^ "Budget of the US Government, FY 2011". Office of Management and Budget. Archived from the original on July 7, 2011. Retrieved July 21, 2011.
- ^ "Monthly Budget Review". Congressional Budget Office. October 7, 2009. Retrieved December 14, 2012.
External links [edit]
- The President's Budget of the United States Government, FY 1996 – present
- Budget of the United States Government: Browse Fiscal Year 2009 Summary Tables
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