What was the national budget in 2015?
Table of Contents
What was the national budget in 2015?
2015 United States federal budget
| Submitted | March 4, 2014 |
|---|---|
| Submitted to | 113th Congress |
| Total revenue | $3.34 trillion (requested) $3.249 trillion (actual) 18.2% of GDP |
| Total expenditures | $3.90 trillion (requested) $3.688 trillion (actual) 20.6% of GDP |
| Deficit | $564 billion (requested) $438.9 billion (actual) 2.45% of GDP |
What was the national budget in 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 2015 federal deficit?
$439 billion
At $439 billion, the 2015 deficit constituted the smallest since 2007, and at 2.5 percent of gross domestic product, it was below the average deficit (relative to the size of the economy) over the past 50 years.
How much did the government spend in 2016?
$3.853 trillion
The government spent $3.853 trillion, slightly less than the president’s budget of $3.99 trillion. Mandatory spending came in lower than the president’s estimate. Congressional appropriations for discretionary spending programs were higher.
When was the last time the federal budget was balanced?
The last surplus for the federal government was in 2001. A balanced budget occurs when the amount the government spends equals the amount the government collects. Sometimes the term balanced budget is used more broadly to refer to instances where there is no deficit.
When was the last time the national debt went down?
January 8, 1835
On January 8, 1835, president Andrew Jackson paid off the entire national debt, the only time in U.S. history that has been accomplished.
What was the deficit in 2018?
The federal deficit in 2018 was $779 billion, equal to 3.9 percent of gross domestic product.
What years did Congress not pass a budget?
FIXING CONGRESSIONAL BUDGETING And yet congressional budgets are increasingly rare. Between 1975, when the current budget process took effect, and 1998 Congress never failed to pass a budget. Since then, Congress has failed to pass a budget in 7 of the last 15 fiscal years.
Which President has created the most debt?
Abraham Lincoln’s years in the Oval Office saw the largest percentage increase in National Debt under any President, increasing 2859% overall. However, Martin Van Buren is the President who spent the most consistently with average yearly debt increasing 375.32% compared to Lincoln’s 148.36%
What was US deficit in 2019?
The federal deficit in 2019 was $984 billion, equal to 4.6 percent of gross domestic product.
