| 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 › | |
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. The Inflation Reduction Act was passed as the budget reconciliation bill for FY2022.
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. It evolved into the Inflation Reduction Act, which was enacted in August 2022.
References
- 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.
- ↑ "Appropriations Watch: FY 2022". Committee for a Responsible Federal Budget. 2022-03-10. Retrieved 2022-03-13.
- ↑ "House Dems clear $1.5T spending deal after stripping Covid aid". POLITICO. 9 March 2022. Retrieved 2022-03-10.
- ↑ 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.