The United States federal budget for fiscal year 2020 ran from October 1, 2019 to September 30, 2020. The government was initially funded through a series of two temporary continuing resolutions. The final funding package was passed as two consolidated spending bills in December 2019, the Consolidated Appropriations Act, 2020 (H.R. 1158) and the Further Consolidated Appropriations Act, 2020 (H.R. 1865). A series of supplemental appropriations bills were passed beginning in March 2020 in response to the COVID-19 pandemic.
Submitted | March 11, 2019 |
---|---|
Submitted by | Donald Trump |
Submitted to | 116th Congress |
Total revenue | $3.420 trillion (actual)[1] 16.3% of GDP[1] |
Total expenditures | $6.552 trillion (actual)[1] 31.3% of GDP[1] |
Deficit | $3.132 trillion (actual)[1] 15.0% of GDP[1] |
Website | BUDGET OF THE U.S. GOVERNMENT |
‹ 2019 2021 › |
The Trump administration's budget proposal was released on March 11, 2019.[2][3]
On August 1, 2019, the Bipartisan Budget Act of 2019 (H.R. 3877) was passed by the House. The next day, on August 2, 2019, the bill was passed by the Senate and signed into law by President Trump. This act increases spending by $320 billion over levels set in the Budget Control Act of 2011 and removes the possibility of budget sequestration.[4][5]
On September 26, 2019, Congress passed the Continuing Appropriations Act, 2020, and Health Extenders Act of 2019 (H.R. 4378) which contained a continuing resolution lasting until November 21.[6][7] On November 21, Congress passed the Further Continuing Appropriations Act, 2020, and Further Health Extenders Act of 2019 (H.R. 3055) which extended temporary funding until December 20.[8]
A final appropriations deal was announced on December 16.[9][10][11][12] The appropriations legislation was divided into two bills: the Consolidated Appropriations Act, 2020 (H.R. 1158) contained the appropriations acts for Defense, Commerce–Justice–Science, Financial Services and General Government, and Homeland Security, while the Further Consolidated Appropriations Act, 2020 (H.R. 1865) contained the remaining acts.[13]
Supplemental appropriations were passed in response to the COVID-19 pandemic:
Receipts by source: (in billions of dollars)
Source | Actual [17] |
---|---|
Individual income tax | $1,608.7 |
Corporate income tax | $211.8 |
Social Security and other payroll tax | $1,310.0 |
Excise tax | $86.8 |
Estate and gift taxes | $17.6 |
Customs duties | $68.6 |
Other miscellaneous receipts | $117.7 |
Total | $3,421.2 |