The Budget for Fiscal Year 2006

The Budget for Fiscal Year 2006

Date: July 25, 2006
Creator: Winters, Philip D
Description: The July 2005 mid-year budget report from the Administration had an improved deficit outlook through FY2010, while CBO’s August 2005 mid-year report included a somewhat worsened baseline deficit outlook. Congress passed three continuing resolutions (CRs) on appropriations during the fall and early winter to fund otherwise unfunded activities. It needed the time to complete action on the regular appropriation bills for FY2006. The last two cleared Congress on December 21, almost three months after the start of FY2006.
Contributing Partner: UNT Libraries Government Documents Department
The Budget for Fiscal Year 2006

The Budget for Fiscal Year 2006

Date: July 25, 2006
Creator: Winters, Philip D
Description: The July 2005 mid-year budget report from the Administration had an improved deficit outlook through FY2010, while CBO’s August 2005 mid-year report included a somewhat worsened baseline deficit outlook. Congress passed three continuing resolutions (CRs) on appropriations during the fall and early winter to fund otherwise unfunded activities. It needed the time to complete action on the regular appropriation bills for FY2006. The last two cleared Congress on December 21, almost three months after the start of FY2006.
Contributing Partner: UNT Libraries Government Documents Department
The Budget for Fiscal Year 2006

The Budget for Fiscal Year 2006

Date: October 5, 2005
Creator: Winters, Philip D
Description: The budget report of the Congressional Budget Office (CBO), The Budget and Economic Outlook: Fiscal Years 2006-2015 (January 25, 2005), included baseline estimates (assuming current policies) for FY2005 through FY2015. Under the baseline assumptions, CBO estimated a FY2006 deficit of $295 billion (2.3% of gross domestic product [GDP]). This is smaller than CBO’s FY2005 baseline deficit estimate ($368 billion, 3.0% of GDP). CBO’s baseline estimates do not include assumptions about possible future legislation that may increase or decrease spending or receipts and therefore change the deficit. The baseline assumptions assume the continuation of current law, including that laws changing the level of future revenues or outlays will go into effect as scheduled. Hurricane Katrina’s devastation of the central Gulf Coast and additional damage done by Hurricane Rita has changed the budget outlook for fiscal year (FY) 2006.
Contributing Partner: UNT Libraries Government Documents Department
The Budget for Fiscal Year 2006

The Budget for Fiscal Year 2006

Date: July 21, 2005
Creator: Winters, Philip D
Description: On February 7, 2005, the President presented his FY2006 budget, containing proposals and estimates for FY2006 through FY2010. The proposal has a deficit of $390 billion (3.0% of GDP) in FY2006, and steadily declining deficits through FY2010. The budget did not include estimates of the cost of the war on terror beyond FY2005. It did not include cost estimates of the Administration’s proposals for changes in Social Security. It did include specific proposals that, over five years, would reduce spending among the non-defense discretionary programs; slow the growth in defense spending; slow the growth in selected categories of mandatory spending; and make further tax cuts along with making permanent the 2001 and 2003 tax cuts.
Contributing Partner: UNT Libraries Government Documents Department
The Budget for Fiscal Year 2006

The Budget for Fiscal Year 2006

Date: July 25, 2006
Creator: Winters, Philip D.
Description: The Administration's Mid-Session Review (July 2006) had a revised deficit estimate for FY2006 of $296 billion (2.3% of gross domestic product). This was over $100 billion below the FY2006 deficit estimate in the President's FY2007 budget (February 2006). On March 17, 2005, the House and Senate adopted their respective budget resolutions for FY2006. After extensive leadership discussion, a conference reached agreement on April 28; both chambers adopted it later that day. The conference agreement included reconciliation instructions for mandatory spending reductions, tax reductions, and an increase in the statutory debt limit. This report explores these issues in full, as well as detailing additional legislation regarding the FY2006 Budget and budget resolutions.
Contributing Partner: UNT Libraries Government Documents Department
The Budget for Fiscal Year 2006

The Budget for Fiscal Year 2006

Date: March 31, 2005
Creator: Winters, Philip D
Description: The budget report of the Congressional Budget Office (CBO), The Budget and Economic Outlook: Fiscal Years 2006-2015 (January 25, 2005), included baseline estimates (assuming current policies) for FY2005 through FY2015. Under the baseline assumptions, CBO estimated a FY2006 deficit of $295 billion (2.3% of gross domestic product [GDP]). This is smaller than CBO’s FY2005 baseline deficit estimate ($368 billion, 3.0% of GDP). CBO’s baseline estimates do not include assumptions about possible future legislation that may increase or decrease spending or receipts and therefore change the deficit. The baseline assumptions assume the continuation of current law, including that laws changing the level of future revenues or outlays will go into effect as scheduled.
Contributing Partner: UNT Libraries Government Documents Department