2007 United States Federal Budget

2007 United States Federal Budget

2007 (2007) Budget of the United States federal government
‹ 2006 2008 ›
Submitted by George W. Bush
Submitted to 109th Congress
Total revenue $2.57 trillion
Total expenditures $2.73 trillion
Deficit $161 billion
Debt $8.95 trillion
Website http://www.cbo.gov/doc.cfm?index=10014 Congressional Budget Office

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.

Read more about 2007 United States Federal Budget:  Total Receipts, Total Spending, 2009 Total Military Budget

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