Topic: US Federal Budget Deficit
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What is the Federal Budget Deficit?
The federal budget deficit describes the difference between the government's spending and income. During the 2008 budget the deficit was $455 billion and increased in that same year to $1 trillion. Read More »
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What is the US federal budget deficit?
A budget deficit occurs when an entity (often a government ) spends more money than it takes in. The opposite of a budget deficit is a budget surplus . Debt is essentially an accumulated flow of deficits. In other words, a deficit is a flow... Read More »
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What are federal budget deficits?
The Federal Budget deficits are how much debt our government is in. The national debt is now over 9 trillion dollars. Read More »
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US Federal Budget Deficit
The United States budget for the fiscal year of 2010 was transmitted to congress in February, 2009. Issued by the Office of Management and Budget, the budget documents include the Budget Message of the President... More »
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Answers to Other Common Questions
A deficit is the fiscal year difference between what the US takes in from taxes & other revenues & the amount of money the spent.
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The deficit for fiscal year 2009, which ended Sept. 30, came in at a record $1.42 trillion.
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The U.S. government ended its 2009 fiscal year with a deficit of $1.4 trillion, the biggest since 1945.
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Perot Charts has an excellent chart here showing spending and tax revenue, as a percentage of GDP, from 1980 to 2008. From the chart, it becomes clear that since 2000 there are three basic sources causing spending to be higher than tax reve...
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Source: http://economics.about.com/od/governmentdebtsdeficits/a/budget_de...
The Federal Budget Deficit is the amount of money lacking in order to balance the budget of the United States. It's trillions!
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The current federal budget deficit is $11,608,637,481,467.87, so each citizen's share of this debt is $37,862.85.
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