How much did the federal government spend in 2009?
$3.518 trillion
2009 United States federal budget
| Submitted | February 4, 2008 |
|---|---|
| Submitted by | George W. Bush |
| Submitted to | 110th United States Congress |
| Total revenue | $2.7 trillion (estimated) $2.105 trillion (actual) 14.6% of GDP (actual) |
| Total expenditures | $3.107 trillion (estimated) $3.518 trillion (actual) 24.4% of GDP (actual) |
What was Canada’s deficit in 2009?
$55.6 billion
The NDP and the Bloc announced shortly following the presentation of the budget that they would not support it in its initial form, but the budget was passed on February 3, 2009, with the support of the Liberals….2009 Canadian federal budget.
| Presented | January 27, 2009 |
|---|---|
| Deficit | C$55.6 billion |
| Debt | C$519.1 billion |
How much did the government spend in 2008?
2008 United States federal budget
| Submitted | February 5, 2007 |
|---|---|
| Total expenditures | $2.902 trillion (requested) $2.983 trillion (actual) 20.2% of GDP (actual) |
| Deficit | $239 billion (requested) $458.6 billion (actual) 3.1% of GDP (actual) |
| Debt | $9.986 trillion (at fiscal end) 67.7% of GDP (actual) |
| GDP | $14.752 trillion |
How much money did the federal government spend in 2010?
2010 United States federal budget
| President Barack Obama with OMB Director Peter Orszag. | |
|---|---|
| Submitted | February 26, 2009 |
| Submitted to | 111th Congress |
| Total revenue | $2.381 trillion (requested) $2.163 trillion (actual) 14.6% of GDP (actual) |
| Total expenditures | $3.552 trillion (requested) $3.456 trillion (actual) 23.4% of GDP (actual) |
Why did government spending increase in 2009?
Poor Handling of the Financial Crisis A slow economic recovery kept tax revenue relatively low for several years. Second, legislators used the recession as an excuse to massively increase the amount of federal spending. The 2009 stimulus package in particular led to record-setting spending levels.
What was the federal deficit in 2016?
$587 billion
In 2016, the budget deficit rose for the first time in a number of years, totaling $587 billion—about one-third more than the $438 billion shortfall recorded in 2015. As a percentage of GDP, the deficit increased from 2.4 percent in 2015 to 3.2 percent, the first such increase since 2009.
When did Canada last have a surplus?
A surplus of $1.4 billion was projected for the fiscal year 2015-2016, however this was adjusted by the new government to a deficit of $1.0 billion by end of March 2016.
When did Canada have a budget surplus?
The balanced budget era could be said to have run from roughly 1994 to 2015, though its roots go back to the 1980s — but it was in some trouble even before Justin Trudeau’s Liberals came to power on an explicit promise to spend more.
What percentage of the federal budget went to mandatory spending 2007?
Outlays
| Outlays | ||
|---|---|---|
| Defense | Other Mandatory | |
| 2001-2007 | 3.6% | 2.4% |
| 2008-2014* | 4.2% | 3.3% |
| 2015-2024* | 2.9% | 2.5% |
How much money did banks lose in 2008?
The International Monetary Fund estimated that large U.S. and European banks lost more than $1 trillion on toxic assets and from bad loans from January 2007 to September 2009.
How much money did the federal government spend in 2005?
2005 United States federal budget
| Submitted | February 2, 2004 |
|---|---|
| Total expenditures | $2.4 trillion (requested) $2.47 trillion (actual) 19.2% of GDP (actual) |
| Deficit | $364 billion (requested) $318.3 billion (actual) 2.5% of GDP (actual) |
| Debt | $7.905 trillion (at fiscal end) 61.3% of GDP |
| GDP | $12.889 trillion |