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2012 United States federal budget – $3.7 trillion (submitted 2011 by President Obama) 2011 United States federal budget – $3.8 trillion (submitted 2010 by President Obama) 2010 United States federal budget – $3.6 trillion (submitted 2009 by President Obama) 2009 United States federal budget – $3.5 trillion (submitted 2008 by President Bush)
The budget deficit increased from $665 billion in 2017 to $779 billion in 2018, an increase of $114 billion or 17%. The budget deficit increased from 3.5% GDP in 2017 to 3.9% GDP in 2018. Compared to the budget deficit of $487 billion forecast for 2018 by CBO just prior to Trump's inauguration, the actual budget deficit was up $292 billion or 60%.
The annual budget deficit fell significantly during the Obama administration, although debt relative to the size of the economy increased. Comparison of CBO 2009 deficit forecasts versus actual results 2009–2016. The deficit was cut by nearly two-thirds, falling from $1.4 trillion in FY2009 to below $500 billion by FY2014.
The latest data comes in the form of news that the federal budget deficit came in at a smaller-than-expected $68.4. The U.S. economic recovery may not be slowing as much as first feared, if the ...
A budget deficit occurs when the government spends more than the revenue it collects. Currently, the US government is running a $1.5 trillion budget deficit, according to Treasury Department data.
The 1995 United States federal budget is the United States federal budget to fund government operations for the fiscal year 1995, which was October 1994 – September 1995. This budget was the last to be submitted before the Republican Revolution in the 1994 midterm elections .
The proposed budget contained an estimated deficit of $196.7 billion and the estimated deficit for enacted legislation was $107.3 billion. The actual deficit for the fiscal year was $107.4 billion (1.3% of GDP).
The Federal government spent approximately $600 billion during 2016 on the Cabinet departments and Agencies, excluding the Department of Defense, representing 16% of budgeted expenditures [5] or about 3.3% of GDP. The 2011 budget included estimated spending for 2010, shown in the graph at right for selected departments and agencies with over ...