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2006 United States federal budget

From Wikipedia, the free encyclopedia

2006 (2006) Budget of the United States federal government
SubmittedFebruary 7, 2005[1]
Submitted byGeorge W. Bush
Submitted to109th Congress
Total revenue$2.178 trillion (requested)[2]
$2.407 trillion (actual)[3]
17.6% of GDP (actual)[4]
Total expenditures$2.568 trillion (requested)[2]
$2.655 trillion (actual)[3]
19.4% of GDP (actual)[4]
Deficit$390 billion (requested)[2]
$248.2 billion (actual)[3]
1.8% of GDP (actual)[4]
Debt$8.45 trillion (at fiscal end)
61.8% of GDP (actual)[5]
GDP$13.685 trillion[6]
WebsiteOffice of Management and Budget
‹ 2005
2007 ›

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.[1]

The government was initially funded through a series of three temporary continuing resolutions. Final funding for the government was enacted as several appropriations bills enacted between August 2 and December 30, 2005.[7] As of 2018, this is the last fiscal year to be funded without the use of an omnibus spending bill or full-year continuing resolution.

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Transcription

Congressional action

Enacted Appropriations

Public Law # Description Passed House Passed Senate Signed by President
109‑54 Department of the Interior, Environment, and Related Agencies Appropriations Act, 2006 07/28/2005 roll call vote
(original bill passed in the House on 05/19/2005)
07/29/2005 voice vote
(House bill with amendment(s) passed in the Senate on 06/29/2005)
08/02/2005
109‑55 Legislative Branch Appropriations Act, 2006 07/28/2005 roll call vote
(original bill passed in the House on 06/22/2005)
07/29/2005 roll call vote
(bill with amendment(s) passed in the Senate on 06/30/2005)
08/02/2005
109‑77 Continuing appropriations through Nov 18, 2005 09/29/2005 roll call vote 09/30/2005 voice vote 09/30/2005
109‑90 Department of Homeland Security Appropriations Act, 2006 10/06/2005 roll call vote
(original bill passed in the House on 05/17/2005)
10/07/2005 roll call vote
(bill with amendment(s) passed in the Senate on 07/14/2005)
10/18/2005
109‑97 Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 2006 10/28/2005 roll call vote
(original bill passed in the House on 06/08/2005)
11/03/2005 roll call vote
(bill with amendment(s) passed in the Senate on 09/22/2005)
11/10/2005
109‑102 Foreign Operations, Export Financing, and Related Programs Appropriations Act, 2006 11/04/2005 roll call vote
(original bill passed in the House on 06/28/2005)
11/10/2005 unanimous consent
(bill with amendment(s) passed in the Senate on 07/20/2005)
11/14/2005
109‑103 Energy and Water Development Appropriations Act, 2006 11/09/2005 roll call vote
(original bill passed in the House on 05/24/2005)
11/14/2005 roll call vote
(bill with amendment(s) passed in the Senate on 07/01/2005)
11/18/2005
109‑105 Continuing appropriations through Dec 17, 2005 11/17/2005 roll call vote 11/18/2005 voice vote 11/19/2005
109‑108 Science, State, Justice, Commerce, and Related Agencies Appropriations Act, 2006 09/15/2005 roll call vote
(original bill passed in the House on 06/16/2005)
11/16/2005 roll call vote
(bill with amendment(s) passed in the Senate on 09/15/2005)
11/22/2005
109‑114 Military Quality of Life and Veterans Affairs Appropriations Act, 2006 11/18/2005 roll call vote
(original bill passed in the House on 05/26/2005)
11/18/2005 roll call vote
(bill with amendment(s) passed in the Senate on 09/22/2005)
11/30/2005
109‑115 Transportation, Treasury, Housing and Urban Development, the Judiciary, the District of Columbia, and Independent Agencies Appropriations Act, 2006 11/18/2005 roll call vote
(original bill passed in the House on 06/30/2005)
11/21/2005 roll call vote
(bill with amendment(s) passed in the Senate on 10/20/2005)
11/30/2005
109‑128 Continuing appropriations through Dec 31, 2005 12/17/2005 voice vote 12/17/2005 unanimous consent 12/18/2005
109‑149 Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriations Act, 2006 12/14/2005 roll call vote
(original bill passed in the House on 06/24/2005)
12/21/2005 roll call vote
(bill with amendment(s) passed in the Senate on 10/27/2005)
12/30/2005
109‑148 Department of Defense, Emergency Supplemental Appropriations to Address Hurricanes in the Gulf of Mexico, and Pandemic Influenza Act, 2006 12/19/2005 roll call vote
(original bill passed in the House on 06/20/2005)
12/21/2005 roll call vote
(bill with amendment(s) passed in the Senate on 10/07/2005)
12/30/2005
109‑234 Emergency Supplemental Appropriations Act for Defense, the Global War on Terror, and Hurricane Recovery, 2006 06/13/2006 roll call vote
(original bill passed in the House on 03/16/2006)
06/15/2006 roll call vote
(bill with amendment(s) passed in the Senate on 05/04/2006)
06/15/2006

Source

Total Receipts

2006 Actual Receipts by Source

  Excise tax (3.1%)
  Estate and gift taxes (1.2%)
  Customs duties (1.0%)
  Other miscellaneous receipts (1.9%)

Receipts by source: (in billions of dollars)

Source Requested[8] Actual[9]
Individual income tax 967 1,044
Corporate income tax 220 354
Social Security and other payroll tax 819 838
Excise tax 76 74
Estate and gift taxes 26 28
Customs duties 28 25
Other miscellaneous receipts
(Including, Capital gains tax and Generation-skipping transfer tax)
42 45
Total 2,178 2,407

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

See also

References

  1. ^ a b "THE BUDGET MESSAGE OF THE PRESIDENT" (PDF). congress.gov. Congressional Record Proceedings and Debates of the 109th Congress, 1st Session (Vol. 151, No. 11 — Daily ed.). Washington. February 7, 2005. p. 54.
  2. ^ a b c "The Budget for Fiscal Year 2006" (PDF). 2006 Budget Summary Tables. Government Publishing Office. Retrieved October 8, 2015.
  3. ^ a b c "Table 1.1—SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS (–): 1789–2020" (PDF). Government Publishing Office. Retrieved October 10, 2015.
  4. ^ a b c "Table 1.2—SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS (–) AS PERCENTAGES OF GDP: 1930–2020" (PDF). Government Publishing Office. Retrieved October 8, 2015.
  5. ^ "Fiscal Year 2016 Budget Historical Tables" (PDF). Office of Management and Budget. Retrieved October 8, 2015.
  6. ^ "Table 1.2—SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS (–) AS PERCENTAGES OF GDP: 1930–2020" (PDF). Government Publishing Office. Retrieved October 8, 2015.
  7. ^ "Appropriations for Fiscal Year 2006". U.S. Congress. Retrieved 2018-03-31.
  8. ^ "2006 Public Budget Database". Fiscal Year 2006 Public Budget Database. United States Office of Management and Budget. Receipts: Public Budget Database. Retrieved March 15, 2015.
  9. ^ "2008 Public Budget Database". Fiscal Year 2008 Public Budget Database. United States Office of Management and Budget. Receipts: Public Budget Database. Retrieved March 15, 2015.

External links

This page was last edited on 8 July 2021, at 06:12
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