2011 United States federal budget
The 2011 United States federal budget was the United States federal budget to fund government operations for the fiscal year 2011. The budget was the subject of a spending request by President Barack Obama. The actual appropriations for Fiscal Year 2011 had to be authorized by the full Congress before it could take effect, according to the U.S. budget process.
| Submitted | February 1, 2010 |
|---|---|
| Submitted by | Barack Obama |
| Submitted to | 111th Congress |
| Total revenue | $2.567 trillion (requested) $2.303 trillion (actual) 15.0% of GDP (actual) |
| Total expenditures | $3.834 trillion (requested) $3.603 trillion (actual) 23.4% of GDP (actual) |
| Deficit | $1.645 trillion (requested) 10.9% of GDP $1.30 trillion (actual) 8.5% of GDP (actual) |
| Debt | $14.764 trillion (at fiscal end) 96.0% of GDP |
| GDP | $15.379 trillion |
| Website | Office of Management and Budget |
‹ 2010 2012 › | |
No budget was passed by the September 30 deadline, and the government was funded by a series of seven continuing resolutions continuing funding at or near 2010 levels. The budget negotiations culminated in early April 2011, with a tense legislative standoff leading to speculation that the nation would face its first government shutdown since 1995. However, a deal containing $38.5 billion in cuts from 2010 funding levels was reached with just hours remaining before the deadline. The 2011 budget was enacted on April 15, 2011, as Public Law 112-10, the Department of Defense and Full-Year Continuing Appropriations Act, 2011.