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Total receipts

Estimated receipts for fiscal year 2010 are $2,381 billion, an increase of 8.9%.

• $1,061 billion - Individual income taxes
• $940 billion - Social Security and other payroll tax
• $222 billion - Corporation income taxes
• $77 billion - Excise taxes
• $23 billion - Customs duties
• $20 billion - Estate and gift taxes
• $22 billion - Deposits of earnings
• $16 billion - Other

Total spending

The President’s budget for 2010 totals $3,552 billion. Percentages in parentheses indicate percentage change compared to 2009. This budget request is broken down by the following expenditures:

• Mandatory spending: $2,184 billion (-17.9%)
  • $695 billion (+4.9%) - Social Security
  • $453 billion (+6.6%) - Medicare
  • $290 billion (+12.0%) - Medicaid
  • $0 billion (-100%) - Troubled Asset Relief Program (TARP)
  • $0 billion (-100%) - Financial stabilization efforts
  • $11 billion (+275%) - Potential disaster costs
  • $571 billion (-15.2%) - Other mandatory programs
  • $164 billion (+18.0%) - Interest on National Debt

• Discretionary spending: $1,368 billion (+7.0%)
  • $663.7 billion (+12.7%) - Department of Defense (including Overseas Contingency Operations)
  • $78.7 billion (-1.7%) - Department of Health and Human Services
  • $72.5 billion (+2.8%) - Department of Transportation
  • $52.5 billion (+10.3%) - Department of Veterans Affairs
  • $51.7 billion (+40.9%) - Department of State and Other International Programs
  • $47.5 billion (+18.5%) - Department of Housing and Urban Development
  • $46.7 billion (+12.8%) - Department of Education
  • $42.7 billion (+1.2%) - Department of Homeland Security
  • $26.3 billion (-0.4%) - Department of Energy
  • $26.0 billion (+8.8%) - Department of Agriculture
  • $23.9 billion (-6.3%) - Department of Justice
  • $18.7 billion (+5.1%) - National Aeronautics and Space Administration
  • $13.8 billion (+48.4%) - Department of Commerce
  • $13.3 billion (+4.7%) - Department of Labor
  • $13.3 billion (+4.7%) - Department of the Treasury
  • $12.0 billion (+6.2%) - Department of the Interior
  • $10.5 billion (+34.6%) - Environmental Protection Agency
  • $9.7 billion (+10.2%) - Social Security Administration
  • $7.0 billion (+1.4%) - National Science Foundation
  • $5.1 billion (-3.8%) - Corps of Engineers
  • $5.0 billion (+100%) - National Infrastructure Bank
  • $1.1 billion (+22.2%) - Corporation for National and Community Service
  • $0.7 billion (0.0%) - Small Business Administration
  • $0.6 billion (-14.3%) - General Services Administration
  • $19.8 billion (+3.7%) - Other Agencies
  • $105 billion - Other

Deficit

With projected receipts significantly less than projected outlays, the budget proposed by President Obama predicts a net deficit of approximately $1,171.4 billion, adding to a United States governmental debt of about $6,578.9 billion.

Total receipts

Estimated receipts for fiscal year 2009 are 2.7 trillion(+7.1%).

• $1.205 trillion - Individual income tax
• $949.4 billion - Social Security and other payroll taxes
• $339.2 billion - Corporate income tax
• $68.9 billion - Excise taxes
• $29.1 billion - Customs duties
• $26.3 billion - Estate and gift taxes
• $47.9 billion - Other

Total spending

A pie chart 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%)
  • $644 billion - Social Security
  • $408 billion - Medicare
  • $224 billion - Medicaid and the State Children’s Health Insurance Program (SCHIP)
  • $360 billion - Unemployment/Welfare/Other mandatory spending
  • $260 billion - Interest on National Debt
• Discretionary spending: $1.21 trillion (+4.9%)
  • $515.4 billion - United States Department of Defense
  • $145.2 billion(2008*) - Global War on Terror
  • $70.4 billion - United States Department of Health and Human Services
  • $59.2 billion - United States Department of Education
  • $44.8 billion - United States Department of Veterans Affairs
  • $38.5 billion - United States Department of Housing and Urban Development
  • $38.3 billion - State and Other International Programs
  • $37.6 billion - United States Department of Homeland Security
  • $25.0 billion - United States Department of Energy
  • $20.8 billion - United States Department of Agriculture
  • $20.3 billion - United States Department of Justice
  • $17.6 billion - National Aeronautics and Space Administration
  • $12.5 billion - United States Department of the Treasury
  • $11.5 billion - United States Department of Transportation
  • $10.6 billion - United States Department of the Interior
  • $10.5 billion - United States Department of Labor
  • $8.4 billion - Social Security Administration
  • $7.1 billion - United States Environmental Protection Agency
  • $6.9 billion - National Science Foundation
  • $6.3 billion - Judicial branch (United States federal courts)
  • $4.7 billion - Legislative branch (United States Congress)
  • $4.7 billion - United States Army Corps of Engineers
  • $0.4 billion - Executive Office of the President
  • $0.7 billion - Small Business Administration
  • $7.2 billion - Other agencies
  • $39.0 billion(2008*) - Other Off-budget Discretionary Spending

The financial cost of the Iraq War and the War in Afghanistan are not part of the defense budget; they are appropriations.

Deficit

With projected receipts significantly less than projected outlays, the budget proposed by President Bush predicts a net deficit of approximately 407 billion dollars, adding to a United States governmental debt of about $10.2 trillion.

Total receipts

Estimated receipts for fiscal year 2008 were $2.66 trillion.

• $1.25 trillion - Individual income tax
• $927.2 billion - Social Security and other payroll tax
• $314.9 billion - Corporate income tax
• $68.1 billion - Excise tax
• $29.2 billion - Customs duties
• $25.7 billion - Estate and gift taxes
• $50.7 billion - Other

Total spending

A pie chart representing spending by category for the US budget for 2008

The President’s budget for 2008 totals $2.9 trillion. Percentages in parentheses indicate percentage change compared to 2007. This budget request is broken down by the following expenditures:

• Mandatory spending: $1.788 trillion (+4.2%)
  • $608 billion (+4.5%) - Social Security
  • $386 billion (+5.2%) - Medicare
  • $209 billion (+5.6%) - Medicaid and the State Children’s Health Insurance Program (SCHIP)
  • $324 billion (+1.8%) - Unemployment/Welfare/Other mandatory spending
  • $261 billion (+9.2%) - Interest on National Debt

• Discretionary spending: $1.114 trillion (+3.1%)
  • $481.4 billion (+12.1%) - Department of Defense
  • $145.2 billion (+45.8%) - Global War on Terror
  • $69.3 billion (+0.3%) - Department of Health and Human Services
  • $56.0 billion (+0.0%) - Department of Education
  • $39.4 billion (+18.7%) - Department of Veterans Affairs
  • $35.2 billion (+1.4%) - Department of Housing and Urban Development
  • $35.0 billion (+22.0%) - Department of State and Other International Programs
  • $34.3 billion (+7.2%) - Department of Homeland Security
  • $24.3 billion (+6.6%) - Department of Energy
  • $20.2 billion (+4.1%) - Department of Justice
  • $20.2 billion (+3.1%) - Department of Agriculture
  • $17.3 billion (+6.8%) - National Aeronautics and Space Administration
  • $12.1 billion (+13.1%) - Department of Transportation
  • $12.1 billion (+6.1%) - Department of the Treasury
  • $10.6 billion (+2.9%) - Department of the Interior
  • $10.6 billion (-9.4%) - Department of Labor
  • $51.8 billion (+9.7%) - Other On-budget Discretionary Spending
  • $39.0 billion - Other Off-budget Discretionary Spending

The Iraq War and the War in Afghanistan are not included in the regular budget. Instead they are funded through special appropriations.^[1]

Deficit

With projected receipts significantly less than projected outlays, the budget proposed by President Bush predicts a net deficit of approximately 240 billion dollars, adding to a United States governmental debt of about $10.8 trillion.