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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 ...
The identification of a fiscal year is the calendar year in which it ends; the current fiscal year is often written as "FY25" or "FY2024-25", which began on 1 October and will end on 30 September. In 1843, the federal government changed the fiscal year from a calendar year to one starting on 1 July, [ 68 ] which lasted until 1976.
The National Defense Authorization Act for Fiscal Year 2017 (H.R. 4909; NDAA 2017, Pub.L. 114-328) is a United States federal law specifying the budget and expenditures of the United States Department of Defense (DOD) for Fiscal Year 2017.
Republicans are set to grapple with a handful of fiscal bombs this year, ranging from the debt limit to the expiring 2017 tax cut provisions. Getty Images.
This table lists the tax revenue collected from each state, plus the District of Columbia and the territory of Puerto Rico by the IRS in fiscal year 2018, which ran from October 1, 2016, through September 30, 2017.
CBO forecasts that the 2017 Tax Act will increase the budget deficit by $2.289 trillion over the 2018–2027 decade, or $1.891 trillion after macro-economic feedback. [113] CBO forecast in January 2017 (just prior to Trump's inauguration) that revenues in fiscal year 2018 would be $3.60 trillion if laws in place as of January 2017 continued. [118]
The interest expense for fiscal year 2019 is $363 billion, or 7.9% of the total budget. According to estimates from the Office of Management and Budget , interest on government debt is expected to more than double by 2028 and account for a larger percentage of total expenditures.
Outgoing New Hampshire Gov. Chris Sununu (R) brushed aside Elon Musk's potential conflicts of interest while praising the tech baron's crusade to get Washington's fiscal house back in order.