Jump to content

2010 United States federal budget: Difference between revisions

Add links
From Wikipedia, the free encyclopedia
Browse history interactively
← Previous editNext edit →
Content deleted Content added
VisualWikitext
updated deficit actual and ref
Rescuing 3 sources and tagging 0 as dead. #IABot (v1.2.4)
Line 29: Line 29:
| url = [http://www.gpo.gov/fdsys/pkg/BUDGET-2010-BUD/pdf/BUDGET-2010-BUD.pdf Office of Management and Budget]
| url = [http://www.gpo.gov/fdsys/pkg/BUDGET-2010-BUD/pdf/BUDGET-2010-BUD.pdf Office of Management and Budget]
}}
}}
The '''United States Federal Budget for Fiscal Year 2010''', titled '''A New Era of Responsibility: Renewing America's Promise''',<ref>http://www.gpoaccess.gov/usbudget/fy10/pdf/fy10-newera.pdf</ref> is a [[United States federal budget|spending request]] by [[President of the United States|President]] [[Barack Obama]] to fund government operations for [[fiscal year|October 2009&ndash;September 2010]]. Figures shown in the spending request do not reflect the actual appropriations for Fiscal Year 2010, which must be authorized by [[United States Congress|Congress]].
The '''United States Federal Budget for Fiscal Year 2010''', titled '''A New Era of Responsibility: Renewing America's Promise''',<ref>{{cite web|url=http://www.gpoaccess.gov/usbudget/fy10/pdf/fy10-newera.pdf |title=Archived copy |accessdate=2010-01-09 |deadurl=yes |archiveurl=https://web.archive.org/web/20110205005029/http://www.gpoaccess.gov/usbudget/fy10/pdf/fy10-newera.pdf |archivedate=5 February 2011 |df=dmy }}</ref> is a [[United States federal budget|spending request]] by [[President of the United States|President]] [[Barack Obama]] to fund government operations for [[fiscal year|October 2009&ndash;September 2010]]. Figures shown in the spending request do not reflect the actual appropriations for Fiscal Year 2010, which must be authorized by [[United States Congress|Congress]].


==Total spending==
==Total spending==
[[Image:Fy2010 spending by category.jpg|thumb|right|450px|A pie chart representing spending by category for the US budget for 2010{{Citation needed|date=January 2011}}]]
[[Image:Fy2010 spending by category.jpg|thumb|right|450px|A pie chart representing spending by category for the US budget for 2010{{Citation needed|date=January 2011}}]]
{{See|Government spending}}
{{See|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:<ref>{{cite web |url=http://www.gpoaccess.gov/usbudget/fy10/pdf/fy10-newera.pdf |title=FY 2010 Budget, 'A New Era of Responsibility' ''vid.'' p.119 |publisher=[[Government Accountability Office]] |accessdate=27 January 2011| archiveurl= https://web.archive.org/web/20110205005029/http://www.gpoaccess.gov/usbudget/fy10/pdf/fy10-newera.pdf| archivedate= 5 February 2011 <!--DASHBot-->| deadurl= no}}</ref>
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:<ref>{{cite web|url=http://www.gpoaccess.gov/usbudget/fy10/pdf/fy10-newera.pdf |title=FY 2010 Budget, 'A New Era of Responsibility' ''vid.'' p.119 |publisher=[[Government Accountability Office]] |accessdate=27 January 2011 |archiveurl=https://web.archive.org/web/20110205005029/http://www.gpoaccess.gov/usbudget/fy10/pdf/fy10-newera.pdf |archivedate=5 February 2011 |deadurl=yes |df=dmy }}</ref>
*'''Mandatory spending: $2.173 trillion (+14.9%)'''
*'''Mandatory spending: $2.173 trillion (+14.9%)'''
**$695 billion (+4.9%) &ndash; [[Social Security (United States)|Social Security]]
**$695 billion (+4.9%) &ndash; [[Social Security (United States)|Social Security]]
Line 169: Line 169:
{{Wikinews|Obama budget calls for record US deficit}}
{{Wikinews|Obama budget calls for record US deficit}}
*[http://www.whitehouse.gov/omb/ Office of Management and Budget]
*[http://www.whitehouse.gov/omb/ Office of Management and Budget]
*[http://www.gpoaccess.gov/usbudget/fy10/pdf/fy10-newera.pdf Proposed FY 2010 Budget]
*[https://web.archive.org/web/20110205005029/http://www.gpoaccess.gov/usbudget/fy10/pdf/fy10-newera.pdf Proposed FY 2010 Budget]
* [http://www.whitehouse.gov/the_press_office/Remarks-by-the-President-on-the-Fiscal-Year-2010-Budget/ Remarks by the President on the Fiscal Year 2010 Budget].
* [http://www.whitehouse.gov/the_press_office/Remarks-by-the-President-on-the-Fiscal-Year-2010-Budget/ Remarks by the President on the Fiscal Year 2010 Budget].
*[http://www.taxpolicycenter.org/UploadedPDF/411843_economic_crisis.pdf Gale & Auerbach (Brookings) &ndash; Analysis of 2010 Budget]
*[http://www.taxpolicycenter.org/UploadedPDF/411843_economic_crisis.pdf Gale & Auerbach (Brookings) &ndash; Analysis of 2010 Budget]

Revision as of 16:02, 21 September 2016

Main article: United States federal budget
2010 (2010) Budget of the United States federal government
President Barack Obama with OMB Director Peter Orszag.
SubmittedFebruary 26, 2009 [1]
Submitted byBarack Obama
Submitted to111th Congress
PassedPassed [1]
Total revenue$2.381 trillion (requested)
$2.163 trillion (actual)[2]
14.6% of GDP (actual)[3]
Total expenditures$3.552 trillion (requested)
$3.456 trillion (actual)[2]
23.4% of GDP (actual)[3]
Deficit$1.171 trillion (requested)
$1.294 trillion (actual)[4]
8.7% of GDP (actual)[3]
Debt$13.53 trillion (at fiscal end)
91.4% of GDP[5]
GDP$14.799 trillion[3]
WebsiteOffice of Management and Budget
‹ 2009
2011›

The United States Federal Budget for Fiscal Year 2010, titled A New Era of Responsibility: Renewing America's Promise,[6] 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

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:[7]

  • Mandatory spending: $2.173 trillion (+14.9%)
US receipt and expenditure estimates for fiscal year 2010.

Total revenue

2010 Actual Receipts by Source

  Individual income tax (43.2%)
  Social Security/other payroll tax (40.4%)
  Corporate income tax (7.3%)
  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[8] Enacted[9] Actual[10]
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

The total deficit for fiscal year 2010 was $1.293 trillion. [11]

References

  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 "Summary Tables". 2012 Budget of the U.S. Government. United States Office of Management and Budget. 14 February 2011. Retrieved 15 March 2013.
  3. ^ a b c d "Table 1.2—SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS (–) AS PERCENTAGES OF GDP: 1930–2020" (PDF). Government Publishing Office. Retrieved 8 October 2015.
  4. ^ "Table 1.1—SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS (–): 1789–2020" (PDF). Government Publishing Office. Retrieved 9 October 2015.
  5. ^ "Fiscal Year 2016 Budget Historical Tables" (PDF). Office of Management and Budget. Retrieved 8 October 2015.
  6. ^ "Archived copy" (PDF). Archived from the original (PDF) on 5 February 2011. Retrieved 2010-01-09. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)CS1 maint: archived copy as title (link)
  7. ^ "FY 2010 Budget, 'A New Era of Responsibility' vid. p.119" (PDF). Government Accountability Office. Archived from the original (PDF) on 5 February 2011. Retrieved 27 January 2011. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  8. ^ "Summary Tables" (PDF). 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.
  9. ^ "Summary Tables" (PDF). 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.
  10. ^ "Summary Tables" (PDF). 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.
  11. ^ "Summary Tables" (PDF). 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.
Wikinews has related news:

Retrieved from "https://en.wikipedia.org/w/index.php?title=2010_United_States_federal_budget&oldid=740523144"