2016 United States federal budget
U.S. budget from October 1, 2015 to September 30, 2016 / From Wikipedia, the free encyclopedia
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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.
Main article: United States federal budget
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Submitted | February 2, 2015[1] |
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Submitted by | Barack Obama |
Submitted to | 114th Congress |
Total revenue | $3.525 trillion (requested)[2] $3.268 trillion (actual)[3] 17.8% of GDP[3] |
Total expenditures | $3.999 trillion (requested)[2] $3.853 trillion (actual)[3] 20.9% of GDP[3] |
Deficit | $474 billion (requested)[2] $585 billion (actual)[3] 3.2% of GDP[3] |
Debt | $19.57 trillion (actual)[4] |
GDP | $18.407 trillion (actual)[3] |
Website | Office of Management and Budget |
‹ 2015 2017› |
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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.