2009 United States federal budget

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Main article: United States federal budget
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2009 Budget of the United States federal government
Submitted by George W. Bush
Submitted to 110th Congress
Total Revenue $2.7 trillion (estimated)
Total Expenditures $3.1 trillion (estimated)
Deficit $611 billion (estimated)
Debt $11.3 trillion (estimated)
US Government Printing Office

The United States federal budget for fiscal year 2009 was a spending request by President George W. Bush to fund government operations for October 2008-September 2009. Figures shown in this article do not reflect the actual appropriations by Congress for Fiscal Year 2009.

Contents

[edit] Total receipts

Estimated receipts for fiscal year 2009 are $2.7 trillion(+7.1%).

[edit] Total spending

Further information: Government spending
A pie chart representing spending by category for the US budget for 2009

The President's budget for 2009 totals $3.1 trillion. Percentages in parentheses indicate percentage change compared to 2008. This budget request is broken down by the following expenditures:

The financial cost of the Iraq War and the War in Afghanistan are not part of the defense budget; they are appropriations.

[edit] Comparison with G.W. Bush's First Budget

A line chart representing projected revenue and expenditure in the 2009 budget overlayed on the projection in the 2001 budget

The 2009 budget is the last one submitted by President Bush. The original version is submitted to congress in February 2008. The graph dramatically illustrates how much the revenue dropped from the original projection, and how much expenses increased. The 2009 budget projects the deficit will vanish by the year 2012.

Even though Bush's original budget is called the 2002 budget, it was submitted in February of 2001. President Bush enacted tax cuts (particularly corporate income tax) in his first few months in office. Also the economy took a downturn that year. The result was that revenue dropped by $145 billion from projection for the year 2001.

[edit] Deficit

With projected receipts significantly less than projected outlays, the budget proposed by President Bush predicts a net deficit of approximately 407 billion dollars, adding to a United States governmental debt of about $10.2 trillion.

[edit] External links

Retrieved from "http://en.wikipedia.org/wiki/2009_United_States_federal_budget"