What was the federal budget for fiscal year 2010?
2010 United States federal budget
| President Barack Obama with OMB Director Peter Orszag. | |
|---|---|
| Submitted | February 26, 2009 |
| Submitted to | 111th 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) |
What was the federal debt in 2010?
Debt by Year Compared to Nominal GDP and Events
| End of Fiscal Year | Debt (in billions, rounded) | Debt-to-GDP Ratio |
|---|---|---|
| 2009 | $11,910 | 82% |
| 2010 | $13,562 | 90% |
| 2011 | $14,790 | 95% |
| 2012 | $16,066 | 99% |
How much did the government spend in 2009?
2009 United States federal budget
| Submitted | February 4, 2008 |
|---|---|
| Total expenditures | $3.107 trillion (estimated) $3.518 trillion (actual) 24.4% of GDP (actual) |
| Deficit | $407 billion (requested) $1.413 trillion (actual) 9.8% of GDP (actual) |
| Debt | $11.876 trillion (at fiscal end) 82.4% of GDP |
| GDP | $14.415 trillion |
What did the government spend as a percentage of GDP in 2010?
By the OECD’s measure, U.S. government spending topped 42 percent of GDP in 2009 and 2010 — when the economy hit bottom — and has slipped to 41 percent this year.
What was the national debt in September 30 2010?
$9,023 billion
As of September 30, 2010, gross debt held by the public totaled $9,023 billion and gross intragovernmental debt holdings totaled $4,528 billion.
Why was the deficit so big in 2010?
The answer is largely the Bush-era tax cuts, war spending in Iraq and Afghanistan, and recessions. Bush’s policies and the effects of recession. Mr. Obama’s policies in 2009 and 2010, including the stimulus package, added to the deficits in those years but are largely temporary.
What was the US budget deficit in 2008?
$459
Budget Deficit by Year Since 1929
| FY | Deficit (in billions) | Deficit-to-GDP Ratio |
|---|---|---|
| 2005 | $318 | 2.4% |
| 2006 | $248 | 1.8% |
| 2007 | $161 | 1.1% |
| 2008 | $459 | 3.1% |
What percent of GDP is the federal budget?
In Fiscal Year 2021, federal spending was equal to 30% of the total gross domestic product (GDP), or economic activity, of the United States that year ($22.39 trillion). Why do we compare federal spending to gross domestic product?
Fiscal year 2010 was the Obama administration’s first budget. It estimated revenue and spending from October 1, 2009, to September 30, 2010. It was passed on April 3, 2009, ahead of schedule. In FY 2010, the Federal government received $2.165 trillion in revenue.
What was the budget of the United States in 2017?
2018 United States federal budget – $4.1 trillion (submitted 2017 by President Trump) 2017 United States federal budget – $4.2 trillion (submitted 2016 by President Obama) 2016 United States federal budget – $4.0 trillion (submitted 2015 by President Obama) 2015 United States federal budget – $3.9 trillion (submitted 2014 by President Obama)
What was the federal budget for fiscal year 2019?
In Fiscal Year 2019, the federal budget will be $4.407 trillion. The U.S. government estimates it will receive $3.422 trillion in revenue.
What is the breakdown of the federal budget?
These new sources of funding would fuel the budget growth as portrayed by the upward trend of the blue line in the chart. By 2013, the breakdown of federal receipts was as follows: individual income taxes 47.4%, corporation income taxes 9.9%, payroll taxes 34.2%, excise taxes 3%, and other receipts 5.5%.