2006 United States federal budget

Updated on Dec 07, 2024

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Submitted February 7, 2005 Submitted to 109th Congress		Submitted by George W. Bush
Total revenue $2.178 trillion (requested)$2.407 trillion (actual)17.6% of GDP (actual) Total expenditures $2.568 trillion (requested)$2.655 trillion (actual)19.4% of GDP (actual) Deficit $390 billion (requested)$248.2 billion (actual)1.8% of GDP (actual)

The 2006 United States Federal Budget began as a proposal by President George W. Bush to fund government operations for October 1, 2005 – September 30, 2006. The requested budget was submitted to the 109th Congress on February 7, 2005.

Enacted Appropriations

Source

Total Receipts

Receipts by source: (in billions of dollars)

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

References

2006 United States federal budget Wikipedia

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