The United States federal budget for fiscal year 2006 is a spending request by President Bush to fund government operations for the year beginning October 1, 2006.

Total Receipts

Estimated receipts for fiscal year 2006 are $2.2 trillion. This expected income is broken down by the following sources:

• $966.9 billion (44.4%) - Individual income tax
• $818.8 billion (37.6%) - Social Security and other payroll taxes
• $220.3 billion (10.1%) - Corporate income tax
• $75.6 billion (3.5%) - Excise taxes
• $26.1 billion (1.2%) - Estate and gift taxes
• $28.3 billion (1.3%) - Customs duties
• $41.6 billion (1.9%) - Other (Including, Capital gains tax and Generation-skipping transfer tax)

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

• United States budget process

External links

• ''The President's Budget of the United States Government,'' FY 1996 -- present