2008 United States federal budget
| Submitted | February 5, 2007 |
|---|---|
| Submitted by | George W. Bush |
| Submitted to | 110th Congress |
| Total revenue | $2.662 trillion (requested) $2.524 trillion (actual) 17.1% of GDP (actual) |
| Total expenditures | $2.902 trillion (requested) $2.983 trillion (actual) 20.2% of GDP (actual) |
| Deficit | $239 billion (requested) $458.6 billion (actual) 3.1% of GDP (actual) |
| Debt | $9.986 trillion (at fiscal end) 67.7% of GDP (actual) |
| GDP | $14.752 trillion |
| Website | Office of Management and Budget |
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The 2008 United States Federal Budget began as a proposal by President George W. Bush to fund government operations for October 1, 2007 – September 30, 2008. The requested budget was submitted to the 110th Congress on February 5, 2007.
2008 Actual Receipts by Source
Receipts by source: (in billions of dollars)
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:
The Iraq War and the War in Afghanistan are not included in the regular budget. Instead they are funded through special appropriations.
With projected receipts significantly less than projected outlays, the budget proposed by President Bush predicts a net deficit of approximately 240 billion dollars. The actual deficit was 454.8 billion.
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