my-server
← Wiki

2010 United States federal budget

The United States Federal Budget for Fiscal Year 2010, titled A New Era of Responsibility: Renewing America's Promise, is a spending request by President Barack Obama to fund government operations for October 2009–September 2010. Figures shown in the spending request do not reflect the actual appropriations for Fiscal Year 2010, which must be authorized by Congress.

The government was initially funded through two temporary continuing resolutions. Final funding for the government was enacted as an omnibus spending bill, the Consolidated Appropriations Act, 2010, on December 16, 2009.

Total spending

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. A breakdown of Obama's budget request includes the following expenditures:

  • Mandatory spending: $2.173 trillion (+14.9%)
  • $695 billion (+4.9%) – Social Security
  • $571 billion (+58.6%) – Other mandatory spending
  • $453 billion (+6.6%) – Medicare
  • $290 billion (+12.0%) – Medicaid
  • $164 billion (+18.0%) – Interest on National Debt

Total revenue

(in billions of dollars):

Deficit

The total deficit for fiscal year 2010 was $1.293 trillion.

References

External links