2010 United States federal budget

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2010 (2010) Budget of the United States federal government
2009
2011
President Barack Obama with OMB Director Peter Orszag.jpg
President Barack Obama with OMB Director Peter Orszag.
Submitted February 26, 2009 [1]
Submitted by Barack Obama
Submitted to 111th Congress
Passed Passed [1]
Total revenue $2.381 trillion (requested)
$2.163 trillion (actual)[2]
Total expenditures $3.552 trillion (requested)
$3.456 trillion (actual)[2]
Deficit $1.171 trillion (requested)
$1.293 trillion (enacted)[2]
Debt $13.56 trillion (estimated)
Website Office of Management and Budget

The United States Federal Budget for Fiscal Year 2010, titled A New Era of Responsibility: Renewing America's Promise,[3] is a spending request by President Barack Obama to fund government operations for October 2009–September 2010. Figures shown in the spending request do not reflect the actual appropriations for Fiscal Year 2010, which must be authorized by Congress.

Total spending[edit]

A pie chart representing spending by category for the US budget for 2010[citation needed]
Further information: Government spending

The President's budget request for 2010 totals $3.55 trillion but was never officially passed in Congress. Percentages in parentheses indicate percentage change compared to 2009. This budget request is broken down by the following expenditures:[4]

  • Mandatory spending: $2.173 trillion (+14.9%)
    • $695 billion (+4.9%) – Social Security
    • $571 billion (+58.6%) – Unemployment/Welfare/Other mandatory spending
    • $453 billion (+6.6%) – Medicare
    • $290 billion (+12.0%) – Medicaid
    • $164 billion (+18.0%) – Interest on National Debt
US receipt and expenditure estimates for fiscal year 2010.

Total revenue[edit]




Circle frame.svg

2010 Actual Receipts by Source

  Social Security/other payroll tax (40.4%)
  Deposits of earnings and Federal Reserve System (3.6%)
  Excise tax (3.4%)
  Customs duties (1.1%)
  Estate and gift taxes (0.8%)
  Other miscellaneous receipts (0.8%)

(in billions of dollars):

Source Requested[5] Enacted[6] Actual[7]
Individual income tax 1,061 936 899
Corporate income tax 222 157 191
Social Security and other payroll tax 940 875 865
Excise tax 77 73 67
Estate and gift taxes 20 17 19
Customs duties 23 24 25
Deposits of earnings and Federal Reserve System 22 77 76
Allowance for jobs initiatives - -12 -
Other miscellaneous receipts 16 18 21
Total 2,381 2,165 2,163

Deficit[edit]

The total deficit for fiscal year 2010 was $1.293 trillion. [8]

References[edit]

  1. ^ "Remarks by the President on the Fiscal Year 2010 Budget". REMARKS BY THE PRESIDENT ON THE FISCAL YEAR 2010 BUDGET. Whitehouse.gov. 26 February 2009. Retrieved 20 March 2015. 
  2. ^ a b c "Summary Tables". 2012 Budget of the U.S. Government. United States Office of Management and Budget. 14 February 2011. Retrieved 15 March 2013. 
  3. ^ http://www.gpoaccess.gov/usbudget/fy10/pdf/fy10-newera.pdf
  4. ^ "FY 2010 Budget, 'A New Era of Responsibility' vid. p.119". Government Accountability Office. Archived from the original on 5 February 2011. Retrieved 27 January 2011. 
  5. ^ "Summary Tables". Fiscal Year 2010 Budget of the U.S. Government. United States Office of Management and Budget. Table S–4: Proposed Budget by Category. Retrieved 14 March 2015. 
  6. ^ "Summary Tables". Fiscal Year 2011 Budget of the U.S. Government. United States Office of Management and Budget. Table S–4: Proposed Budget by Category. Retrieved 14 March 2015. 
  7. ^ "Summary Tables". Fiscal Year 2012 Budget of the U.S. Government. United States Office of Management and Budget. Table S–4: Proposed Budget by Category. Retrieved 14 March 2015. 
  8. ^ "Summary Tables". Fiscal Year 2012 Budget of the U.S. Government. United States Office of Management and Budget. Table S–4: Proposed Budget by Category. Retrieved 14 March 2015. 

External links[edit]