How much did the US government spend in 2010?
How much did the US government spend 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) |
Was there a surplus or deficit in 2010?
The federal government’s fiscal year 2010 has come to a close, and CBO estimates, in its latest Monthly Budget Review, that the federal budget deficit for the year was slightly less than $1.3 trillion, $125 billion less than the shortfall recorded in 2009.
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.
Why was the deficit so big in 2010?
The combination of the deep recession (which automatically leads to less tax revenue and more spending on programs like Medicaid and food stamps) and the spending Congress appropriated in response to the pandemic increased the deficit significantly.
What was the federal debt in 2010?
In September 2021, the national debt of the United States had risen up to 28.43 trillion U.S. dollars….Public debt of the United States from 1990 to 2021 (in billion U.S. dollars)
| Year | National debt (in billion U.S. dollars) |
|---|---|
| ’10 | 13,561.62 |
| ’09 | 11,909.83 |
What was the deficit of the United States in 2010?
The total deficit for fiscal year 2010 was $1.293 trillion. “Remarks by the President on the Fiscal Year 2010 Budget”. REMARKS BY THE PRESIDENT ON THE FISCAL YEAR 2010 BUDGET. “Summary Tables”. 2012 Budget of the U.S. Government. United States Office of Management and Budget. 14 February 2011.
What was the US budget for FY 2010?
A pie chart representing spending by category for the US budget for 2010. Incoming President Barack Obama’s budget request for FY 2010 totaled $3.55 trillion and was passed by Congress on April 29, 2009. Percentages in parentheses indicate percentage changes compared to FY 2009.
What is the US government spending and revenue for 2020?
2020 US Federal Revenues and Outlays CBO: U.S. Federal spending and revenue components for fiscal year 2020. Major expenditure categories are healthcare, Social Security, and defense; income and payroll taxes are the primary revenue sources. The actual and projected budget deficit of the United States federal budget by the CBO.
What are the major expenditure categories of the US federal budget?
Major expenditure categories are healthcare, Social Security, and defense; income and payroll taxes are the primary revenue sources. The actual and projected budget deficit of the United States federal budget by the CBO. The United States federal budget comprises the spending and revenues of the U.S. federal government.
