Year: | 2022 |
Budget of the United States federal government | |
Total Revenue: | $4.896 trillion (actual)[1] 19.6%% of GDP |
Total Expenditures: | $6.272 trillion (actual) 25.1% of GDP |
Deficit: | $1.375 trillion (actual) 5.5% of GDP |
Url: | BUDGET OF THE U.S. GOVERNMENT |
Submitted To: | 117th Congress |
Submitter: | Joe Biden |
Next Year: | 2023 |
Next Budget: | 2023 United States federal budget |
Previous Year: | 2021 |
Previous Budget: | 2021 United States federal budget |
Country: | United States |
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.
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.
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, as well as a fourth continuing resolution lasting four days .[3] [4]
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.