2007 United States Federal Budget
| ‹ 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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