338 research outputs found
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Federal Spending by Agency and Budget Function, FY2001-FY2005
This report provides federal spending data by agency and by budget function for
fiscal year 2001 through fiscal year 2005. The data, ranked by size, reveal the
concentrated nature of federal spending. The largest four agencies (of 51 listed)
produce 83% of total outlays and the six largest (of 19) budget functions produce
86% of total outlays. Most of the spending by the largest agencies and within the
largest budget functions is either mandatory spending (such as Social Security,
Medicaid, and income support, among others), defense spending, or net interest
spending on federal debt
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The Budget for Fiscal Year 2007
This report provides information about the Budget for Fiscal Year 2007. It provides new baseline estimates and projections
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CRS Issue Briefs
This report discusses the budget for fiscal year 2003. It debates issues such as budget action, receipts surpluses or deficits, and the economy
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The Debt Limit: The Need to Raise It After Four Years of Surpluses
Increases in total federal debt are driven by government deficits (which increase debt held by the public) and by the surpluses credited to (and federal accounting for) debt-holding federal accounts, mostly federal trust funds such as the Social Security, Medicare, Transportation, and Civil Service trust funds
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The Debt Limit: Why It Rose After Four Years of Surpluses and the Debt Changes Since
In December 2002, the Administration began warning Congress that the debt limit (7.4 trillion
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The Budget for Fiscal Year 2004
Congress cleared the conference report (H.Rept. 108-71, H.Con.Res. 95) on the FY2004 budget resolution on April 11, containing reconciliation instructions for a tax cut. On May 23, Congress adopted the conference report (H.Rept. 108-126) on H.R. 2, the bill containing an 11-year; $350 billion tax cut that followed the reconciliation instructions. It became law (P.L.108-27) on May 28
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The Budget for Fiscal Year 2002
This report discusses the budget for fiscal year 2002. The congress debates issues such as budget action, receipts surpluses or deficits, and the econom
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Spending and Receipts in FY2006, by Time Period
The federal government collected 2.655 trillion in FY2006. These dollar amounts are so large compared to the amounts that most policy makers and citizens encounter in their daily lives that the magnitudes may lose their significance. Over the years, congressional staff and Members have looked for more understandable measures or comprehensible comparisons. This report attempts to provide some of those measures
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The Budget for Fiscal Year 2004
In March, CBO released its report analyzing the President’s policies. CBO’s estimates of the President’s budget, a recasting of the policies using CBO assumptions and budget estimating methods, raise the expected deficit for FY2004 to 307 billion. The report also included an update to CBO’s January baseline that pushed the deficit for FY2004 to 145 billion. The revisions delay the return-to-a-surplus from FY2007 to FY2008 and reduce the cumulative FY2004-FY2013 surplus from 891 billion (March)
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The Budget for Fiscal Year 2006
The budget report of the Congressional Budget Office (CBO), The Budget and Economic Outlook: Fiscal Years 2006-2015 (January 25, 2005), included baseline estimates (assuming current policies) for FY2005 through FY2015. Under the baseline assumptions, CBO estimated a FY2006 deficit of 368 billion, 3.0% of GDP). CBO’s baseline estimates do not include assumptions about possible future legislation that may increase or decrease spending or receipts and therefore change the deficit. The baseline assumptions assume the continuation of current law, including that laws changing the level of future revenues or outlays will go into effect as scheduled. Hurricane Katrina’s devastation of the central Gulf Coast and additional damage done by Hurricane Rita has changed the budget outlook for fiscal year (FY) 2006
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