2010 United States federal budget
Main article: United States federal budget
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‹ 2009 2011 › | |
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President Barack Obama with OMB Director Peter Orszag. | |
| Submitted | February 26, 2009 [1] |
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| Submitted by | Barack Obama |
| Submitted to | 111th Congress |
| Passed | Passed |
| 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
A pie chart representing spending by category for the US budget for 2010
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.
- 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
2010 Actual Receipts by Source
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
The total deficit for fiscal year 2010 was $1.293 trillion. [8]
References
- ↑ "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.
- ↑ 2.0 2.1 2.2 "Summary Tables". 2012 Budget of the U.S. Government. United States Office of Management and Budget. 14 February 2011. Retrieved 15 March 2013.
- ↑ http://www.gpoaccess.gov/usbudget/fy10/pdf/fy10-newera.pdf
- ↑ "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.
- ↑ "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.
- ↑ "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.
- ↑ "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.
- ↑ "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
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Wikinews has related news: Obama budget calls for record US deficit |
- Office of Management and Budget
- Proposed FY 2010 Budget
- Remarks by the President on the Fiscal Year 2010 Budget.
- Gale & Auerbach (Brookings) – Analysis of 2010 Budget
- Budget Proposal and Markups Presidential Proposal and Congressional Documents in convenient form. Senate Version w/ McCain Amendment