2016 United States federal budget
The United States Federal Budget for fiscal year 2016 began as a budget proposed by President Barack Obama to fund government operations for October 1, 2015 – September 30, 2016. The requested budget was submitted to the 114th Congress on February 2, 2015.
| Submitted | February 2, 2015 |
|---|---|
| Submitted by | Barack Obama |
| Submitted to | 114th Congress |
| Total revenue | $3.525 trillion (requested) $3.268 trillion (actual) 17.8% of GDP |
| Total expenditures | $3.999 trillion (requested) $3.853 trillion (actual) 20.9% of GDP |
| Deficit | $474 billion (requested) $585 billion (actual) 3.2% of GDP |
| Debt | $19.57 trillion (actual) |
| GDP | $18.407 trillion (actual) |
| Website | Office of Management and Budget |
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The government was initially funded through a series of three temporary continuing resolutions. The final funding package was passed as an omnibus spending bill, the Consolidated Appropriations Act, 2016, enacted on December 18, 2015.
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