When Was The Last Time There Was A Budget Surplus? According to the Congressional Budget Office, the United States last had a budget surplus during fiscal year 2001. From fiscal years 2001 to 2009, spending increased by 6.5% of gross domestic product (from 18.2% to 24.7%) while taxes declined by 4.7% of GDP (from 19.5%
Is The US In A Budget Deficit? U.S. July budget deficit hits $302 billion as spending remains high. … The Treasury Department said the July deficit compared to a year-earlier $63 billion budget gap Is the US currently in a budget deficit? The CBO projects that the federal budget deficit for this fiscal year will
What Fiscal Quarter Are We In Right Now? What fiscal quarter are we in right now? January, February, and March (Q1) April, May, and June (Q2) July, August, and September (Q3) October, November, and December (Q4) What are the fiscal quarters for 2022? 2020 Fiscal Quarters. Q1 2020 Dates: January 1 – March 31. Q2
Do No Year Funds Expire? Do no year funds expire? No Year Appropriations — Appropriations available for obligations for an indefinite period of time without fiscal year limitation. They are available until they are used up. How long is RDT&E money good for? Research Development Test & Evaluation (RDT&E) Budget 2-year availability of funds authorized
How Long Is Procurement Money Good For? O&M and MILPERS appropriations have a one year current period; RDT&E appropriations have a two year current period; Procurement appropriations have a three year current period (Procurement for Navy Shipbuilding/Conversion has a five year current period), and MILCON appropriations have a five year current period. What can O&M