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2021 United States federal budget

Summary

The United States federal budget for fiscal year 2021 ran from October 1, 2020 to September 30, 2021. The government was initially funded through a series of five temporary continuing resolutions. The final funding package was passed as a consolidated spending bill on December 27, 2020, the Consolidated Appropriations Act, 2021. The American Rescue Plan Act of 2021 was passed as the budget reconciliation bill for FY2021.

2021 (2021) Budget of the United States federal government
Submitted byDonald Trump
Submitted to116th Congress
Total revenue$4.046 trillion (actual)[1]
18.1% of GDP[1]
Total expenditures$6.818 trillion (actual)[1]
30.5% of GDP[1]
Deficit$2.772 trillion (actual)[1]
12.4% of GDP[1]
WebsiteBUDGET OF THE U.S. GOVERNMENT
‹ 2020
2022 ›
Federal Revenue and Spending

Budget proposal edit

The FY2021 budget is subject to the spending caps of the Budget Control Act of 2011, as modified by the Bipartisan Budget Act of 2019.

The Trump administration budget proposal was released in February 2020.[2][3][4][5][6]

Appropriations legislation edit

The drafting of appropriations bills was delayed due to the COVID-19 pandemic.[7][8] The House began consideration of appropriations bills on July 6.[9] As of July 22, the House had completed markup of all 12 bills, while the Senate had yet to begin.[10] The House passed the first consolidated appropriations bill (H.R. 7608) containing four of the 12 bills on July 24.[11] The House passed the second consolidated appropriations bill (H.R. 7617) containing an additional six bills on July 31. The remaining two bills for Homeland Security and the Legislative Branch were not expected to be voted upon soon after.[12]

A continuing resolution lasting until December 11, 2020 was passed by the House on September 29, and by the Senate on September 30. However, the bill was not signed by President Trump until shortly after the midnight deadline, as he was returning from a campaign rally in Duluth, Minnesota late at night, causing a short funding gap of less than an hour.[13][14][15]

The Senate released drafts of its appropriations legislation on November 10, 2020, starting the legislative process in that house and allowing negotiations to begin.[16][17][18]

A series of four short-term continuing resolutions were passed during the final stages of negotiation on an omnibus appropriations bill which included supplementary relief funding for the COVID-19 pandemic. The first extended funding for one week through December 18, 2020,[19] the second extended it by another two days through December 20,[20] a third by one day through December 21,[21] and a final one by seven days until December 28.[22] The final bill is the Consolidated Appropriations Act, 2021.

Reconciliation legislation edit

A budget resolution for the 2021 fiscal year began to be considered by the 117th United States Congress in February 2021. As appropriations for the fiscal year had already been approved, the budget resolution's main purpose was to begin the budget reconciliation process to allow a COVID-19 pandemic relief bill to be passed without the possibility of being blocked by a filibuster.[23][24] The American Rescue Plan Act of 2021 was signed on March 11, 2021.

References edit

  1. ^ a b c d e f "JOINT STATEMENT OF JANET L. YELLEN, SECRETARY OF THE TREASURY, AND SHALANDA D. YOUNG, ACTING DIRECTOR OF THE OFFICE OF MANAGEMENT AND BUDGET, ON BUDGET RESULTS FOR FISCAL YEAR 2021". The New York Times. October 22, 2021. Retrieved November 15, 2021.
  2. ^ "A BUDGET FOR AMERICA'S FUTURE" (PDF). www.whitehouse.gov. Office of Management and Budget. February 2020. Archived (PDF) from the original on January 20, 2021. Retrieved January 8, 2020.
  3. ^ "Trump 2021 budget: Which department budgets would be cut". The Washington Post. Retrieved 2020-07-28.
  4. ^ "What's in President Trump's Fiscal 2021 Budget?". The New York Times. 2020-02-10. ISSN 0362-4331. Archived from the original on 2020-12-23. Retrieved 2020-07-28.
  5. ^ Ogrysko, Nicole (2020-02-17). "Ups, downs and other major highlights from Trump's 2021 budget request". Federal News Network. Archived from the original on 2020-09-13. Retrieved 2020-07-28.
  6. ^ Katz, Eric. "11 Major Agency Reforms in Trump's 2021 Budget". govexec.com. Government Executive. Archived from the original on 2020-11-10. Retrieved 2020-07-28.
  7. ^ "Redefined by COVID-19 and Shaped by Current Events: What's Ahead for US Federal Appropriations". The National Law Review. Retrieved 2020-07-24.
  8. ^ Nam, Rafael (2020-06-17). "Fights over police reform, COVID-19 delay Senate appropriations markups". The Hill. Retrieved 2020-07-24.
  9. ^ Nam, Rafael (2020-07-06). "Democrats take aim at Trump's policies on 2021 funding markups". The Hill. Retrieved 2020-07-24.
  10. ^ "Rock, meet hard place: Senate appropriators' dilemma". Roll Call. Retrieved 2020-07-24.
  11. ^ Swanson, Ian (2020-07-24). "House approves $259.5B spending package". The Hill. Retrieved 2020-07-25.
  12. ^ Swanson, Ian (2020-07-31). "House approves $1.3 trillion spending package for 2021". The Hill. Retrieved 2020-07-31.
  13. ^ Marcos, Cristina (2020-09-22). "House passes bill to avert shutdown". The Hill. Retrieved 2020-10-01.
  14. ^ Emma, Caitlin (2020-09-30). "Senate passes stopgap spending measure to avert a shutdown". Politico. Retrieved 2020-10-01.
  15. ^ Peterson, Kristina (2020-10-01). "President Trump Signs Spending Bill After Brief Lapse in Funding". The Wall Street Journal. ISSN 0099-9660. Retrieved 2020-10-01.
  16. ^ Shutt, Jennifer (2020-11-10). "Senate GOP lays out priorities as budget showdown looms". Roll Call. Retrieved 2020-11-12.
  17. ^ Kheel, Rebecca (2020-11-10). "Senate panel proposes $696B Pentagon spending bill". The Hill. Retrieved 2020-11-12.
  18. ^ Hellmann, Jessie (2020-11-10). "Senate panel recommends $96 billion for health department". The Hill. Retrieved 2020-11-12.
  19. ^ DeBonis, Mike; Stein, Jeff; Kim, Seung Min. "Trump signs one-week spending bill to avert midnight shutdown". The Washington Post. ISSN 0190-8286. Retrieved 2020-12-21.
  20. ^ Carney, Jordain (2020-12-18). "Congress passes bill to avert shutdown as coronavirus talks drag into weekend". The Hill. Retrieved 2020-12-21.
  21. ^ Rahman, Rema (2020-12-20). "House adopts 1-day stopgap bill to prevent government shutdown". The Hill. Retrieved 2020-12-21.
  22. ^ Rahman, Rema (2020-12-21). "Congress passes $2.3T coronavirus relief, government funding deal". The Hill. Retrieved 2020-12-22.
  23. ^ Carney, Jordain (2021-02-02). "Senate Democrats take first step toward big COVID-19 bill". The Hill. Retrieved 2021-02-03.
  24. ^ "Section-by-Section Analysis: 2021 Budget Resolution". U.S. House Budget Committee Democrats. 2021-02-01. Retrieved 2021-02-03.

External links edit

  • Appropriations Status Table

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