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2010 United States federal budget

United States budget request

2010 United States federal budget

United States budget request

FieldValue
titleBudget of the United States federal government
year2010
countryUnited States
previous_budget2009 United States federal budget
previous_year2009
next_budget2011 United States federal budget
next_year2011
imagePresident Barack Obama with OMB Director Peter Orszag.jpg
imagesize210
captionPresident Barack Obama with OMB Director Peter Orszag.
date_submittedFebruary 26, 2009
submitterBarack Obama
submitted_to[111th Congress](111th-united-states-congress)
Total_Revenue$2.381 trillion *(requested)*
$2.163 trillion *(actual)*
14.6% of GDP *(actual)*
Total_Expenditures$3.552 trillion *(requested)*
$3.456 trillion *(actual)*
23.4% of GDP *(actual)*
deficit$1.171 trillion *(requested)*
$1.294 trillion *(actual)*
8.7% of GDP *(actual)*
debt$13.53 trillion *(at fiscal end)*
91.4% of GDP
gdp$14.799 trillion
url[Office of Management and Budget](http://www.gpo.gov/fdsys/pkg/BUDGET-2010-BUD/pdf/BUDGET-2010-BUD.pdf)

Main article: United States federal budget

$2.163 trillion (actual) 14.6% of GDP (actual) $3.456 trillion (actual) 23.4% of GDP (actual) $1.294 trillion (actual) 8.7% of GDP (actual) 91.4% of GDP The United States Federal Budget for Fiscal Year 2010, titled A New Era of Responsibility: Renewing America's Promise, 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.

The government was initially funded through two temporary continuing resolutions. Final funding for the government was enacted as an omnibus spending bill, the Consolidated Appropriations Act, 2010, on December 16, 2009.

Total spending

date=January 2011}}

Incoming President Barack Obama's budget request for FY 2010 totaled $3.55 trillion and was passed by Congress on April 29, 2009. Percentages in parentheses indicate percentage changes compared to FY 2009. A breakdown of Obama's budget request includes the following expenditures:

  • Mandatory spending: $2.173 trillion (+14.9%)
    • $695 billion (+4.9%) – Social Security
    • $571 billion (+58.6%) – 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.
  • Discretionary spending: $1.378 trillion (+13.8%)
    • $663.7 billion (+12.7%) – Department of Defense (including Overseas Contingency Operations)
    • $78.7 billion (−1.7%) – Department of Health and Human Services
    • $72.5 billion (+2.8%) – Department of Transportation
    • $52.5 billion (+10.3%) – Department of Veterans Affairs
    • $51.7 billion (+40.9%) – Department of State and Other International Programs
    • $47.5 billion (+18.5%) – Department of Housing and Urban Development
    • $46.7 billion (+12.8%) – Department of Education
    • $42.7 billion (+1.2%) – Department of Homeland Security
    • $26.3 billion (−0.4%) – Department of Energy
    • $26.0 billion (+8.8%) – Department of Agriculture
    • $23.9 billion (−6.3%) – Department of Justice
    • $18.7 billion (+5.1%) – National Aeronautics and Space Administration
    • $13.8 billion (+48.4%) – Department of Commerce
    • $13.3 billion (+4.7%) – Department of Labor
    • $13.3 billion (+4.7%) – Department of the Treasury
    • $12.0 billion (+6.2%) – Department of the Interior
    • $10.5 billion (+34.6%) – Environmental Protection Agency
    • $9.7 billion (+10.2%) – Social Security Administration
    • $7.0 billion (+1.4%) – National Science Foundation
    • $5.1 billion (−3.8%) – Corps of Engineers
    • $5.0 billion (+100%-NA) – National Infrastructure Bank
    • $1.1 billion (+22.2%) – Corporation for National and Community Service
    • $0.7 billion (0.0%) – Small Business Administration
    • $0.6 billion (−14.3%) – General Services Administration
    • $0 billion (−100%-NA) – Troubled Asset Relief Program (TARP)
    • $0 billion (−100%-NA) – Financial stabilization efforts
    • $11 billion (+275%-NA) – Potential disaster costs
    • $19.8 billion (+3.7%) – Other Agencies
    • $105 billion – Other

Total revenue

(in billions of dollars):

Sourceurl=http://www.gpo.gov/fdsys/pkg/BUDGET-2010-BUD/pdf/BUDGET-2010-BUD.pdf#page=125work=Fiscal Year 2010 Budget of the U.S. Governmenttitle=Summary Tablesat=Table S–4: Proposed Budget by Categorypublisher=United States Office of Management and Budgetaccess-date=14 March 2015}}url=http://www.gpo.gov/fdsys/pkg/BUDGET-2011-BUD/pdf/BUDGET-2011-BUD.pdf#page=155work=Fiscal Year 2011 Budget of the U.S. Governmenttitle=Summary Tablesat=Table S–4: Proposed Budget by Categorypublisher=United States Office of Management and Budgetaccess-date=14 March 2015}}url=http://www.gpo.gov/fdsys/pkg/BUDGET-2012-BUD/pdf/BUDGET-2012-BUD.pdf#page=180work=Fiscal Year 2012 Budget of the U.S. Governmenttitle=Summary Tablesat=Table S–4: Proposed Budget by Categorypublisher=United States Office of Management and Budgetaccess-date=14 March 2015}}
Individual income tax
Corporate income tax
Social Security and other payroll tax
Excise tax
Estate and gift taxes
Customs duties
Deposits of earnings and Federal Reserve System
Allowance for jobs initiatives--
Other miscellaneous receipts
**Total**************

Deficit

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

References

References

  1. (26 February 2009). "Remarks by the President on the Fiscal Year 2010 Budget". [[whitehouse.gov]].
  2. (14 February 2011). "Summary Tables". United States Office of Management and Budget.
  3. "Table 1.1—SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS (–): 1789–2020". Government Publishing Office.
  4. "Fiscal Year 2016 Budget Historical Tables". Office of Management and Budget.
  5. "Table 1.2—SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS (–) AS PERCENTAGES OF GDP: 1930–2020". Government Publishing Office.
  6. "Archived copy".
  7. "Appropriations for Fiscal Year 2010".
  8. "FY 2010 Budget, 'A New Era of Responsibility' ''vid.'' p.119". [[Government Accountability Office]].
  9. "Summary Tables". United States Office of Management and Budget.
  10. "Summary Tables". United States Office of Management and Budget.
  11. "Summary Tables". United States Office of Management and Budget.
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This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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