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.[6]
The IRS estimated that there were about $345 billion in uncollected taxes, which is sometimes referred to as the "tax gap.".[9]
Total spending
A pie chart representing spending by category for the US budget for 2007
The President's actual budget for 2007 totals $2.8 trillion. Percentages in parentheses indicate percentage change compared to 2006. This budget request is broken down by the following expenditures:
Much of the costs of the Iraq war and the Afghanistan war until FY2008 have been funded through supplemental appropriations or emergency supplemental appropriations, which are treated differently from regular appropriations bills. Senior congressional leaders have contended that those war costs, as much as possible, should go through the regular budget process, which provides for greater transparency. Determining the costs of the wars in Iraq and Afghanistan is complex. CBO has estimated that "war-related defense activities" in 2007 were "roughly $115 billion."[11]
U.S. Military Budget[12] - DoD Base Spending: The U.S. Department of Defense (DoD) has the single largest budget of any government agency in the discretionary budget. This department is responsible for the four branches - the Army, Air Force, Navy and Marine Corps. This includes the cost of base administration, pay for military members, and the costs of repairing and procuring equipment.
FY 2006, Defense Department base budget expenditures were $411 billion, nearly half of net discretionary spending.
FY 2007, it increased to $430 billion, still about half.
FY 2008, it is projected to grow to $481 billion, or 52%.
U.S. Military Budget - War on Terror Base Spending : The War on Terror (WoT) incurs additional costs by other departments. When added to the DoD base spending, the amount comes to:
$474 billion in FY 2006, which is 56% of net discretionary spending,
$505 billion in FY 2007,
$554 billion in FY 2008, nearly 60% of discretionary spending.
FY 2006 Supplemental Funding : The Defense Department base budget also does not include “one time only” costs attributable to the War on Terror, which are submitted as Supplemental Funding.
In FY 2006, an additional $153 billion in Supplemental Funding was added to the base budget - the War on Terror received $120 billion, while $33 billion went primarily for Hurricane Katrina. As a result, 60% of last year's discretionary spending went to DoD/WoT.
FY 2007 Supplemental Funding : For FY 2007, $70 billion has already been approved, while the President’s FY 2008 Budget requests an additional $102 billion. If approved by Congress, total FY 2007 spending for DoD/WoT would be $673 billion, or 64% of the net discretionary budget.
FY 2008 Budget Proposal : For FY 2008, the President has requested the following:
The Defense Department Base Budget - $481 billion.
WoT(non-DoD) Base Budget - $73 billion.
Supplemental Funding for WoT - $145 billion.
Total requested Dod/WoT spending is $699 billion, or 65% of total net Discretionary spending.
^ abc"2007 Budget Summary Tables" (PDF). Government Publishing Office. Retrieved October 8, 2015.
^ abc"Table 1.1—SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS (–): 1789–2020" (PDF). Government Publishing Office. Retrieved October 10, 2015.
^ abcd"Table 1.2—SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS (–) AS PERCENTAGES OF GDP: 1930–2020" (PDF). Government Publishing Office. Retrieved October 8, 2015.
^"Fiscal Year 2016 Budget Historical Tables" (PDF). Office of Management and Budget. Retrieved October 8, 2015.
^"Appropriations for Fiscal Year 2007". U.S. Congress. Retrieved 2018-03-31.
^"2007 Public Budget Database". Fiscal Year 2007 Public Budget Database. United States Office of Management and Budget. Receipts: Public Budget Database. Retrieved March 15, 2015.
^"2009 Public Budget Database". Fiscal Year 2009 Public Budget Database. United States Office of Management and Budget. Receipts: Public Budget Database. Retrieved March 15, 2015.
^$345B tax gap: Random Tax Audits Return to the IRS, 9 Oct 2007, Morning Edition.
^. Archived from the original on 2006-02-13. Retrieved 2006-02-10.
^The Budget and Economic Outlook: An Update, CBO.gov. August, 2007.
^Department of Defense Budget 2007-10-03 at the Wayback Machine - OMB FY 2008 President's Budget Charts and Tables
External links
Status of Appropriations Legislation for Fiscal Year 2007
January 20, 2023
2007, united, states, federal, budget, budget, united, states, government, fiscal, year, 2007, produced, through, budget, process, involving, both, legislative, executive, branches, federal, government, while, congress, constitutional, power, purse, president,. 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 2007 2007 Budget of the United States federal governmentSubmittedFebruary 6 2006 1 Submitted byGeorge W BushSubmitted to109th CongressTotal revenue 2 416 trillion requested 2 2 568 trillion actual 3 17 9 of GDP actual 4 Total expenditures 2 77 trillion requested 2 2 729 trillion actual 3 19 1 of GDP actual 4 Deficit 354 billion requested 2 160 7 billion actual 3 1 1 of GDP actual 4 Debt 8 95 trillion at fiscal end 62 5 of GDP actual 5 GDP 14 323 trillion 4 WebsiteGovernment Publishing Office 20062008 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 6 Contents 1 Total receipts 2 Total spending 3 2007 total military budget 4 References 5 External linksTotal receipts Edit2007 Actual Receipts by Source Individual income tax 45 3 Social Security other payroll tax 33 9 Corporate income tax 14 4 Excise tax 2 5 Estate and gift taxes 1 0 Customs duties 1 0 Other miscellaneous receipts 1 9 Receipts by source in billions of dollars Source Requested 7 Actual 8 Individual income tax 1 096 1 163Corporate income tax 261 370Social Security and other payroll tax 884 870Excise tax 75 65Estate and gift taxes 24 26Customs duties 28 26Other miscellaneous receipts 48 48Total 2 416 2 568The IRS estimated that there were about 345 billion in uncollected taxes which is sometimes referred to as the tax gap 9 Total spending Edit A pie chart representing spending by category for the US budget for 2007 The President s actual budget for 2007 totals 2 8 trillion Percentages in parentheses indicate percentage change compared to 2006 This budget request is broken down by the following expenditures 586 1 billion 7 0 Social Security 548 8 billion 9 0 Defense 10 394 5 billion 12 4 Medicare 294 0 billion 2 0 Unemployment and welfare 276 4 billion 2 9 Medicaid and other health related 243 7 billion 13 4 Interest on debt 89 9 billion 1 3 Education and training 76 9 billion 8 1 Transportation 72 6 billion 5 8 Veterans benefits 43 5 billion 9 2 Administration of justice 33 1 billion 5 7 Natural resources and environment 32 5 billion 15 4 Foreign affairs 27 0 billion 3 7 Agriculture 26 8 billion 28 7 Community and regional development 25 0 billion 4 0 Science and technology 20 5 billion 0 8 Energy 20 1 billion 11 4 General governmentMuch of the costs of the Iraq war and the Afghanistan war until FY2008 have been funded through supplemental appropriations or emergency supplemental appropriations which are treated differently from regular appropriations bills Senior congressional leaders have contended that those war costs as much as possible should go through the regular budget process which provides for greater transparency Determining the costs of the wars in Iraq and Afghanistan is complex CBO has estimated that war related defense activities in 2007 were roughly 115 billion 11 2007 total military budget EditThis article includes a list of general references but it lacks sufficient corresponding inline citations Please help to improve this article by introducing more precise citations July 2007 Learn how and when to remove this template message The total requested military budget of the United States for 2007 was 699 billion U S Military Budget 12 DoD Base Spending The U S Department of Defense DoD has the single largest budget of any government agency in the discretionary budget This department is responsible for the four branches the Army Air Force Navy and Marine Corps This includes the cost of base administration pay for military members and the costs of repairing and procuring equipment FY 2006 Defense Department base budget expenditures were 411 billion nearly half of net discretionary spending FY 2007 it increased to 430 billion still about half FY 2008 it is projected to grow to 481 billion or 52 U S Military Budget War on Terror Base Spending The War on Terror WoT incurs additional costs by other departments When added to the DoD base spending the amount comes to 474 billion in FY 2006 which is 56 of net discretionary spending 505 billion in FY 2007 554 billion in FY 2008 nearly 60 of discretionary spending FY 2006 Supplemental Funding The Defense Department base budget also does not include one time only costs attributable to the War on Terror which are submitted as Supplemental Funding In FY 2006 an additional 153 billion in Supplemental Funding was added to the base budget the War on Terror received 120 billion while 33 billion went primarily for Hurricane Katrina As a result 60 of last year s discretionary spending went to DoD WoT FY 2007 Supplemental Funding For FY 2007 70 billion has already been approved while the President s FY 2008 Budget requests an additional 102 billion If approved by Congress total FY 2007 spending for DoD WoT would be 673 billion or 64 of the net discretionary budget FY 2008 Budget Proposal For FY 2008 the President has requested the following The Defense Department Base Budget 481 billion WoT non DoD Base Budget 73 billion Supplemental Funding for WoT 145 billion Total requested Dod WoT spending is 699 billion or 65 of total net Discretionary spending References Edit Press Briefing whitehouse gov February 6 2006 Retrieved March 20 2015 via National Archives a b c 2007 Budget Summary Tables PDF Government Publishing Office Retrieved October 8 2015 a b c Table 1 1 SUMMARY OF RECEIPTS OUTLAYS AND SURPLUSES OR DEFICITS 1789 2020 PDF Government Publishing Office Retrieved October 10 2015 a b c d Table 1 2 SUMMARY OF RECEIPTS OUTLAYS AND SURPLUSES OR DEFICITS AS PERCENTAGES OF GDP 1930 2020 PDF Government Publishing Office Retrieved October 8 2015 Fiscal Year 2016 Budget Historical Tables PDF Office of Management and Budget Retrieved October 8 2015 Appropriations for Fiscal Year 2007 U S Congress Retrieved 2018 03 31 2007 Public Budget Database Fiscal Year 2007 Public Budget Database United States Office of Management and Budget Receipts Public Budget Database Retrieved March 15 2015 2009 Public Budget Database Fiscal Year 2009 Public Budget Database United States Office of Management and Budget Receipts Public Budget Database Retrieved March 15 2015 345B tax gap Random Tax Audits Return to the IRS 9 Oct 2007 Morning Edition The President s Budget of the United States Government FY 1996 present Archived from the original on 2006 02 13 Retrieved 2006 02 10 The Budget and Economic Outlook An Update CBO gov August 2007 Department of Defense Budget Archived 2007 10 03 at the Wayback Machine OMB FY 2008 President s Budget Charts and TablesExternal links EditStatus of Appropriations Legislation for Fiscal Year 2007 Retrieved from https en wikipedia org w index php title 2007 United States federal budget amp oldid 1086863253, wikipedia, wiki, book, books, library,
