2022 United States federal budget

Last updated

2022 (2022) Budget of the United States federal government
Submitted by Joe Biden
Submitted to 117th Congress
Total revenue$4.896 trillion (actual) [1]
19.6%% of GDP [1]
Total expenditures$6.272 trillion (actual) [1]
25.1% of GDP [1]
Deficit $1.375 trillion (actual) [1]
5.5% of GDP [1]
Website BUDGET OF THE U.S. GOVERNMENT
  2021
2023  
Federal budget 2022 Federal budget 2022.webp
Federal budget 2022

The United States federal budget for fiscal year 2022 ran from October 1, 2021, to September 30, 2022. The government was initially funded through a series of four temporary continuing resolutions. The final funding package was passed as an omnibus spending bill, the Consolidated Appropriations Act, 2022.

Contents

Budget proposal

The FY2022 budget was the first to not be subject to the spending caps of the Budget Control Act of 2011 due to its expiration.

Appropriations legislation

A series of three continuing resolutions were passed to initially fund government operations. [2]

On March 9, 2022, the House of Representatives passed the Consolidated Appropriations Act, 2022 (H.R. 2471), as well as a fourth continuing resolution lasting four days (H.J.Res. 75). [3] [4]

Reconciliation legislation

The Build Back Better Act was proposed as the budget reconciliation bill for FY2022.

Related Research Articles

The United States budget process is the framework used by Congress and the President of the United States to formulate and create the United States federal budget. The process was established by the Budget and Accounting Act of 1921, the Congressional Budget and Impoundment Control Act of 1974, and additional budget legislation.

In the United States, a continuing resolution is a type of appropriations legislation. An appropriations bill is a bill that appropriates money to specific federal government departments, agencies, and programs. The money provides funding for operations, personnel, equipment, and activities. Regular appropriations bills are passed annually, with the funding they provide covering one fiscal year. The fiscal year is the accounting period of the federal government, which runs from October 1 to September 30 of the following year. When Congress and the president fail to agree on and pass one or more of the regular appropriations bills, a continuing resolution can be passed instead. A continuing resolution continues the pre-existing appropriations at the same levels as the previous fiscal year for a set amount of time. Continuing resolutions typically provide funding at a rate or formula based on the previous year's funding. The funding extends until a specific date or regular appropriations bills are passed, whichever comes first. There can be some changes to some of the accounts in a continuing resolution. The continuing resolution takes the form of a joint resolution, and may provide bridging funding for existing federal programs at current, reduced, or expanded levels.

The 2012 United States federal budget was the budget to fund government operations for the fiscal year 2012, which lasted from October 1, 2011 through September 30, 2012. The original spending request was issued by President Barack Obama in February 2011. That April, the Republican-held House of Representatives announced a competing plan, The Path to Prosperity, emboldened by a major victory in the 2010 Congressional elections associated with the Tea Party movement. The budget plans were both intended to focus on deficit reduction, but differed in their changes to taxation, entitlement programs, defense spending, and research funding.

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.

<span class="mw-page-title-main">Continuing Appropriations Resolution, 2014</span>

The Continuing Appropriations Resolution, 2014 is a bill that was introduced into the United States House of Representatives on September 10, 2013. The original text of the bill was for a continuing resolution that would make continuing appropriations for the fiscal year 2014 United States federal budget. Though versions of the bill passed each house of Congress, the House and Senate were not able to reconcile the bills and pass a compromise measure.

The October 2013 mini-continuing resolutions were a set of continuing resolutions that would have provided funding for a limited set of federal agencies during the United States federal government shutdown of 2013. The bills were part of a Republican strategy to fund portions of the government which have bipartisan support, in order to spare those agencies and programs from the effects of the shutdown. The bills all passed the United States House of Representatives during the 113th United States Congress, but were ignored by the United States Senate. These selective continuing resolutions became moot upon the passage of the Continuing Appropriations Act, 2014 which funded the entire government, ending the shutdown.

<span class="mw-page-title-main">Consolidated Appropriations Act, 2014</span> United States bill

The Consolidated Appropriations Act, 2014 is an omnibus spending bill that packages several appropriation bills together in one larger bill. The 113th United States Congress failed to pass any of the twelve regular appropriations bills before the beginning of Fiscal Year 2014. The Continuing Appropriations Act, 2014 temporarily funded the government from October 1, 2013 to January 15, 2014. A second continuing resolution extended funding until January 18, 2014, giving both the House and the Senate enough time to vote on this bill.

<span class="mw-page-title-main">Making further continuing appropriations for fiscal year 2014</span> Funding measure in the United States

The bill H.J.Res. 106 is a continuing resolution that was introduced into the United States House of Representatives during the 113th United States Congress and was signed into law on January 15, 2014 by President Barack Obama. The bill amended the Continuing Appropriations Act, 2014 to extend the time-period of funding provided by that continuing resolution from January 15, 2014 to January 18, 2014. The extension was intended to give Congress the extra time it needed to pass the Consolidated Appropriations Act, 2014, which would provide the rest of the appropriations for fiscal year 2014. The fiscal year in the United States is the 12-month period beginning on October 1 and ending on September 30 of the next calendar year.

<span class="mw-page-title-main">Appropriations bill (United States)</span> Bill which allocates government spending

In the United States Congress, an appropriations bill is legislation to appropriate federal funds to specific federal government departments, agencies and programs. The money provides funding for operations, personnel, equipment and activities. Regular appropriations bills are passed annually, with the funding they provide covering one fiscal year. The fiscal year is the accounting period of the federal government, which runs from October 1 to September 30 of the following year. Appropriations bills are under the jurisdiction of the United States House Committee on Appropriations and the United States Senate Committee on Appropriations. Both Committees have twelve matching subcommittees, each tasked with working on one of the twelve annual regular appropriations bills.

<span class="mw-page-title-main">2015 United States federal budget</span> U.S. budget from October 1, 2014 to September 30, 2015

The 2015 United States federal budget was the federal budget for fiscal year 2015, which runs from October 1, 2014 to September 30, 2015. The budget takes the form of a budget resolution which must be agreed to by both the United States House of Representatives and the United States Senate in order to become final, but never receives the signature or veto of the President of the United States and does not become law. Until both the House and the Senate pass the same concurrent resolution, no final budget exists. Actual U.S. federal government spending will occur through later appropriations legislation that would be signed into law.

Every year, the United States Congress is responsible for writing, passing, reconciling, and submitting to the President of the United States a series of appropriations bills that appropriate money to specific federal government departments, agencies, and programs for their use to operate in the subsequent fiscal year. The money provides funding for operations, personnel, equipment, and activities. In 2014, Congress was responsible for passing the appropriations bills that would fund the federal government in fiscal year 2015, which runs from October 1, 2014 to September 30, 2015.

<span class="mw-page-title-main">Continuing Appropriations Resolution, 2015</span>

The Continuing Appropriations Resolution, 2015 is a continuing resolution and United States public law that funded the federal government of the United States through December 11, 2014 by appropriating $1 trillion.

The United States Federal Budget for fiscal year 2016 began as a budget proposed by President Barack Obama to fund government operations for October 1, 2015 – September 30, 2016. The requested budget was submitted to the 114th Congress on February 2, 2015.

The 2017 United States federal budget is the United States federal budget for fiscal year 2017, which lasted from October 1, 2016 to September 30, 2017. President Barack Obama submitted a budget proposal to the 114th Congress on February 9, 2016. The 2017 fiscal year overlaps the end of the Obama administration and the beginning of the Trump administration.

<span class="mw-page-title-main">2018 United States federal budget</span>

The United States federal budget for fiscal year 2018, which ran from October 1, 2017, to September 30, 2018, was named America First: A Budget Blueprint to Make America Great Again. It was the first budget proposed by newly elected president Donald Trump, submitted to the 115th Congress on March 16, 2017.

The United States federal budget for fiscal year 2019 ran from October 1, 2018, to September 30, 2019. Five appropriation bills were passed in September 2018, the first time five bills had been enacted on time in 22 years, with the rest of the government being funded through a series of three continuing resolutions. A gap between the second and third of these led to the 2018–19 federal government shutdown. The remainder of government funding was enacted as an omnibus spending bill in February 2019.

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 and the Further Consolidated Appropriations Act, 2020. A series of supplemental appropriations bills was passed beginning in March 2020 in response to the COVID-19 pandemic.

<span class="mw-page-title-main">2021 United States federal budget</span>

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.

<span class="mw-page-title-main">Consolidated Appropriations Act, 2022</span>

Consolidated Appropriations Act, 2022 is a $1.5 trillion omnibus spending bill. The bill was passed by Congress on March 14, 2022. The bill was signed into law by President Joe Biden on March 15, 2022.

The United States federal budget for fiscal year 2023 runs from October 1, 2022, to September 30, 2023. The government was initially funded through a series of three temporary continuing resolutions. The final funding package was passed as an omnibus spending bill, the Consolidated Appropriations Act, 2023.

References

  1. 1 2 3 4 5 6 "Joint Statement of Janet L. Yellen, Secretary of the Treasury, and Shalanda D. Young, Director of the Office of Management and Budget, on Budget Results for Fiscal Year 2022". U.S. Department of the Treasury. October 21, 2022. Retrieved December 24, 2022.
  2. "Appropriations Watch: FY 2022". Committee for a Responsible Federal Budget. 2022-03-10. Retrieved 2022-03-13.
  3. "House Dems clear $1.5T spending deal after stripping Covid aid". POLITICO. 9 March 2022. Retrieved 2022-03-10.
  4. Cochrane, Emily (2022-03-10). "House Passes $1.5 Trillion Spending Bill as Democrats Drop Covid Aid". The New York Times. ISSN   0362-4331 . Retrieved 2022-03-10.