Girish Mahajan (Editor)

2006 United States federal budget

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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.

Contents

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