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The United States federal budget for fiscal year 2009 began as a spending request by President George W. Bush to fund government operations for October 2008 September 2009.
Total receipts Estimated receipts for fiscal year 2009 are $2.7 trillion (+7.1%). Total spending A dot plot representing spending by category for the US budget for 2009 The President's budget for 2009 totals $3.1 trillion. Percentages in parentheses indicate percentage change compared to 2008. This budget request is broken down by the following expenditures: - Mandatory spending: $1.89 trillion (+6.2%)
- Discretionary spending: $1.21 trillion (+4.9%)
The financial cost of the Iraq War and the War in Afghanistan are not part of the defense budget; they are appropriations. The final spending bills for the budget were not signed into law until March 11, 2009 by President Barack Obama, nearly five and a half months after the fiscal year began. MSNBC reported thatl "Obama signed it (the bill) in private. He declined to answer a shouted reporter's question why."[1] This final bill also featured 7991 earmarks totaling nearly 5.5 billion dollars. Deficit With projected receipts less than projected outlays, the budget proposed by President Bush predicts a net deficit of approximately $400 billion dollars, adding to a United States governmental debt of about $11.4 trillion. The actual spending signed into law in the final bill was increased by over $400 billion. And actual tax receipts totaled approximately $2.1 trillion, $600 billion less than the $2.7 trillion expected. The actual deficit in 2009 was $1.4 trillion.[2] References External links
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