| Submitted | April 10, 2013[1] |
|---|---|
| Submitted by | Barack Obama |
| Submitted to | 113th Congress |
| Total revenue | $3.03 trillion (requested)[2] $3.02 trillion (actual)[3] 17.5% of GDP (actual)[4] |
| Total expenditures | $3.77 trillion (requested) $3.506 trillion (actual)[5] 20.3% of GDP (actual)[4] |
| Deficit | $744 billion (requested) 4.4% of GDP (requested) $484.6 billion (actual)[5] 2.8% of GDP (actual)[4] |
| Debt | $17.79 trillion (at fiscal end) 103.2% of GDP[6] |
| GDP | $17.244 trillion[4] |
| Website | Office of Management and Budget |
|
‹ 2013 2015› | |
The 2014 United States federal budget is the budget to fund government operations for the fiscal year (FY) 2014, which began on October 1, 2013 and ended on September 30, 2014.
President Obama submitted the FY2014 budget proposal on April 10, 2013, two months past the February 4 legal deadline due to negotiations over the United States fiscal cliff and implementation of the sequester cuts mandated by the Budget Control Act of 2011.[7] The House of Representatives passed its proposal, H.Con.Res 25, prior to the submission of the President's budget proposal, as did the Senate (S.Con.Res 8). The House and Senate budget resolutions were not reconciled as a final budget.[8]
At the time the fiscal year 2014 budget was debated, budgeting issues were controversial. Government spending had recently been limited by an automatic sequestration process that resulted when Congress and President Obama failed to meet spending reduction targets set by the Budget Control Act of 2011. The House and Senate were at the time controlled by different parties with different fiscal agendas.
Failure to pass an initial continuing resolution caused the 16-day-long federal government shutdown of 2013. The government was then temporarily funded through the Continuing Appropriations Act, 2014 and later a three-day Act. The House and Senate eventually compromised and passed the Bipartisan Budget Act of 2013. Final funding for the government was enacted as an omnibus spending bill, the Consolidated Appropriations Act, 2014, enacted on January 17, 2014.
- ^ "Congressional Record - H1890" (PDF). Government Publishing Office. Retrieved March 20, 2015.
- ^ "Fiscal Year 2014 Budget of the U.S. Government (Table S-5)" (PDF). United States Office of Management and Budget. Retrieved March 14, 2015.
- ^ "Fiscal Year 2016 Budget of the U.S. Government (Table S-5)" (PDF). United States Office of Management and Budget. Retrieved March 14, 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.
- ^ a b "Fiscal Year 2016 Budget Historical Tables (Table 1.1)" (PDF). United States Office of Management and Budget. Retrieved October 8, 2015.
- ^ "Fiscal Year 2016 Budget Historical Tables" (PDF). Office of Management and Budget. Retrieved October 8, 2015.
- ^ "Obama Will Send Fiscal 2014 Budget to Congress April 10". Bloomberg L.P. March 28, 2013.
- ^ Gleckman, Howard. "Don't Hold Your Breath For A Budget: House, Senate Aren't Even Trying To Reconcile Bills". Forbes. Retrieved April 9, 2013.
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