2007 United States federal budget
The budget of the United States government for fiscal year 2007 was produced through a budget process involving both the legislative and executive branches of the federal government. While the Congress has the constitutional "power of the purse", the President and his appointees play a major role in budget deliberations. Since 1976, the federal fiscal year has started on October 1 of each year.
| Submitted | February 6, 2006 |
|---|---|
| Submitted by | George W. Bush |
| Submitted to | 109th Congress |
| Total revenue | $2.416 trillion (requested) $2.568 trillion (actual) 17.9% of GDP (actual) |
| Total expenditures | $2.77 trillion (requested) $2.729 trillion (actual) 19.1% of GDP (actual) |
| Deficit | $354 billion (requested) $160.7 billion (actual) 1.1% of GDP (actual) |
| Debt | $8.95 trillion (at fiscal end) 62.5% of GDP (actual) |
| GDP | $14.323 trillion |
| Website | Government Publishing Office |
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The government was initially funded through a series of three temporary continuing resolutions. Final funding for the Department of Defense was enacted on September 29, 2006 as part of the Department of Defense Appropriations Act, 2007, while the Department of Homeland Security was funded through the Department of Homeland Security Appropriations Act, 2007, enacted on October 4, 2006. The remaining departments and agencies were funded as part of a full-year continuing resolution, the Revised Continuing Appropriations Resolution, 2007, on February 15, 2007.