2006 United States federal budget
Main article: United States federal budget
|
‹ 2005 2007 › | |
| Submitted | February 7, 2005 [1] |
|---|---|
| Submitted by | George W. Bush |
| Submitted to | 109th Congress |
| Total revenue |
$2.18 trillion (requested)[2] $2.41 trillion (actual)[3] |
| Total expenditures | $2.66 trillion |
| Deficit | $248.2 billion |
| Debt | $8.45 trillion |
| Website | Congressional Budget Office |
The United States federal budget for fiscal year 2006 is a spending request by President Bush to fund government operations for the year beginning October 1, 2006.
Total Receipts
2006 Actual Receipts by Source
Other miscellaneous receipts (1.9%)
(in billions of dollars)
| Source | Requested[2] | Actual[3] |
|---|---|---|
| Individual income tax | 967 | 1,044 |
| Corporate income tax | 220 | 354 |
| Social Security and other payroll tax | 819 | 838 |
| Excise tax | 76 | 74 |
| Estate and gift taxes | 26 | 28 |
| Customs duties | 28 | 25 |
| Other miscellaneous receipts (Including, Capital gains tax and Generation-skipping transfer tax) |
42 | 45 |
| Total | 2,178 | 2,407 |
Total Spending
The President's budget for 2006 totals $2.7 trillion. This budget request is broken down by the following expenditures:
- $544.8 billion (20.90%) - Social Security
- $512.1 billion (18.00%) - Defense
- $359.5 billion (13.79%) - Unemployment and welfare
- $345.7 billion (13.26%) - Medicare
- $268.4 billion (10.30%) - Medicaid and other health related
- $211.1 billion (8.10%) - Interest on debt
- $88.7 billion (3.40%) - Education and training
- $70.7 billion (2.71%) - Transportation
- $68.4 billion (2.62%) - Veterans' benefits
- $43.1 billion (1.65%) - Administration of justice
- $38.4 billion (1.47%) - Foreign affairs
- $31.2 billion (1.20%) - Natural resources and environment
- $26.0 billion (1.00%) - Agriculture
- $24.0 billion (0.92%) - Science and technology
- $19.1 billion (0.73%) - Community and regional development
- $17.8 billion (0.68%) - General government
- $23.4 billion - Energy
Adjustments
- -$698 billion (2.68%) - Undistributed offsetting receipts
2006 Deficit Estimate
(The amount that government spending exceeds total receipts)
- $500 billion
See also
References
- ↑ "Press Release". President Proposes Tight FY 2006 Budget for the National Archives. National Archives. Retrieved March 19, 2015.
- ↑ 2.0 2.1 "2006 Public Budget Database". Fiscal Year 2006 Public Budget Database. United States Office of Management and Budget. Receipts: Public Budget Database. Retrieved March 15, 2015.
- ↑ 3.0 3.1 "2008 Public Budget Database". Fiscal Year 2008 Public Budget Database. United States Office of Management and Budget. Receipts: Public Budget Database. Retrieved March 15, 2015.