UNITED STATES FEDERAL BUDGET

The 'United States federal budget' is a federal document which outlines funding recommendations for the next fiscal year, which begins on October 1st. The American Congress develops a budget resolution, based on recommendations from the President, and approves individual appropriations bills to allocate fundings to various federal programs recommended in the budget.

Contents

The President's Budget

See also

External links

References

The President's Budget

The figures in the President's budget that is ''submitted to congress'' do not necessarily match those of the final budget as ''appropriated by congress''. There is often significant disparity between the two. The President's budget also contains only ''projections'' for revenue and the resulting surplus or deficit. 'Actual budget data' for prior years is available from the 'Congressional Budget Office'[1]

Each year, on the first Monday in February, the President of the United States submits his budget request to Congress for the following fiscal year:

★ United States federal budget, 2008 - $2.9 trillion (submitted 2007 by President Bush)^[1]

★ United States federal budget, 2007 - $2.8 trillion (submitted 2006 by President Bush)

★ United States federal budget, 2006 - $2.6 trillion (submitted 2005 by President Bush)

★ United States federal budget, 2005 - $2.4 trillion (submitted 2004 by President Bush)

★ United States federal budget, 2004 - $2.2 trillion (submitted 2003 by President Bush)

★ United States federal budget, 2003 - $2.1 trillion (submitted 2002 by President Bush)

★ United States federal budget, 2002 - $2.0 trillion (submitted 2001 by President Bush)

★ United States federal budget, 2001 - $1.8 trillion (submitted 2000 by President Clinton)

★ United States federal budget, 2000 - $1.8 trillion (submitted 1999 by President Clinton)

★ United States federal budget, 1999 - $1.7 trillion (submitted 1998 by President Clinton)

★ United States federal budget, 1998 - $1.7 trillion (submitted 1997 by President Clinton)

★ United States federal budget, 1997 - $1.6 trillion (submitted 1996 by President Clinton)

★ United States federal budget, 1996 - $1.6 trillion (submitted 1995 by President Clinton)

See also

★ United States public debt

★ United States budget process

★ National debt by U.S. presidential terms - Includes federal spending and GDP

External links

★ ''The President's Budget of the United States Government,'' FY 1996 -- present

★ ''TheBudgetGraph.com'' A large representation graph and poster of the 2008 federal discretionary budget.

★ The Heritage Foundation's "Federal Revenue and Spending Chart Book"

★ FederalSpending.org "Federal Contracts and Grants"

References

1. http://www.cnn.com/2007/POLITICS/02/05/bush.budget.ap/index.html