United States federal budget, 2006
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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.
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[edit] 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
[edit] Total Spending
The President's budget for 2006 totals $2.6 trillion. This budget request is broken down by the following expenditures:
- $544.8 billion (20.90%) - Social Security
- $447.4 billion (17.17%) - 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
- $2.1 billion (0.08%) - Energy
[edit] Adjustments
- -$69.8 billion (2.68%) - Undistributed offsetting receipts
[edit] 2006 Deficit Estimate
(The amount that government spending exceeds total receipts)
- $390 billion (14.96%)
[edit] See also
[edit] External links
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