1997 United States federal budget
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The United States Federal Budget for Fiscal Year 1997, was a spending request by
President President most commonly refers to: *President (corporate title) * President (education), a leader of a college or university * President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese ...
Bill Clinton William Jefferson Clinton ( né Blythe III; born August 19, 1946) is an American politician who served as the 42nd president of the United States from 1993 to 2001. He previously served as governor of Arkansas from 1979 to 1981 and agai ...
to fund government operations for October 1996-September 1997. Figures shown in the spending request do not reflect the actual appropriations for Fiscal Year 1997, which must be authorized by
Congress A congress is a formal meeting of the representatives of different countries, constituent states, organizations, trade unions, political parties, or other groups. The term originated in Late Middle English to denote an encounter (meeting of ...
. The requested budget was submitted to Congress on February 5, 1996.


Overview

The stated objectives for President Clinton's FY1997 budget are to: (1) Balance the federal budget within seven years by making cuts in entitlements and discretionary spending while enacting modest tax cuts and (2) Maintaining growth while protecting senior citizens, middle-class families and children. The Clinton Administration projected a
US$ The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...
40 billion surplus by 2002. A key aspect of the FY1997 budget is what was known as the "trigger". The trigger program essentially ensured that tax cuts after 2000 would end if the deficit was not at least US$20 billion below the Congressional Budget Office's estimate. Conversely, if the deficit ''was'' at least US$20 billion below CBO estimates then the tax cuts would continue and the money exceeding the US$20 estimate is used to reduce discretionary spending.


Total Receipts

''(in billions of dollars)''


Total spending

The President's budget for FY1997 totals $1.635 trillion. Percentages in parentheses indicate estimated percentage change compared to 1996. This budget request is broken down by the following expenditures: *Mandatory spending: $1.093 trillion (+XX.X%) **$364.8 billion (+X.X%) -
Social Security Welfare, or commonly social welfare, is a type of government support intended to ensure that members of a society can meet basic human needs such as food and shelter. Social security may either be synonymous with welfare, or refer specifical ...
**$187.4 billion (+X.X%) - Medicare **$105.6 billion (+XX.X%) -
Medicaid Medicaid in the United States is a federal and state program that helps with healthcare costs for some people with limited income and resources. Medicaid also offers benefits not normally covered by Medicare, including nursing home care and per ...
**$103.9 billion (-XX%) - Means-tested entitlements **$-4.3 billion (-XX%) - Deposit Insurance **$138.1 billion (-X.X%) - Other mandatory programs **$-41 billion (+XX.X%) - Undistributed off-setting receipts **$238.5 billion (+XX.X%) - Interest on National Debt *Discretionary spending: $542.3 billion (+1.1%) **$2.4 (0.1%)- Legislative Branch **$3.2 (0.3%) - The Judiciary **$0.2 (0.0%) - Executive Office of the President **$12.1 (-0.2%) - Presidential Appropriated Funds **$251.8 billion (-7.0%) -
Department of Defense Department of Defence or Department of Defense may refer to: Current departments of defence * Department of Defence (Australia) * Department of National Defence (Canada) * Department of Defence (Ireland) * Department of National Defense (Philipp ...
(including Overseas Contingency Operations) **$33.3 billion (+1.4%) -
Department of Health and Human Services The United States Department of Health and Human Services (HHS) is a cabinet-level executive branch department of the U.S. federal government created to protect the health of all Americans and providing essential human services. Its motto is ...
**$35.4 billion (-0.8%) - Department of Transportation **$19.1 billion (+0.4%) -
Department of Veterans Affairs The United States Department of Veterans Affairs (VA) is a Cabinet-level executive branch department of the federal government charged with providing life-long healthcare services to eligible military veterans at the 170 VA medical centers an ...
**$5.0 billion (0.0%) - Department of State and Other International Programs **$33.2 billion (+3.0%) - Department of Housing and Urban Development **$25.0 billion (0.0%) -
Department of Education An education ministry is a national or subnational government agency politically responsible for education. Various other names are commonly used to identify such agencies, such as Ministry of Education, Department of Education, and Ministry of Pub ...
**$16.7 billion (-0.1%) -
Department of Energy A Ministry of Energy or Department of Energy is a government department in some countries that typically oversees the production of fuel and electricity; in the United States, however, it manages nuclear weapons development and conducts energy-re ...
**$15.3 billion (-0.4%) - Department of Agriculture **$14.9 billion (+2.9%) -
Department of Justice A justice ministry, ministry of justice, or department of justice is a ministry or other government agency in charge of the administration of justice. The ministry or department is often headed by a minister of justice (minister for justice in a ...
**$13.7 billion (-0.5%) - National Aeronautics and Space Administration **$4.1 billion (+0.2%) - Department of Commerce **$10.2 billion (0.0%) -
Department of Labor The Ministry of Labour ('' UK''), or Labor ('' US''), also known as the Department of Labour, or Labor, is a government department responsible for setting labour standards, labour dispute mechanisms, employment, workforce participation, training, a ...
**$11.3 billion (+0.8%) - Department of the Treasury **$7.3 billion (0.0%) - Department of the Interior **$6.7 billion (+0.1%) - Environmental Protection Agency **$5.4 billion (+0.5%) -
Social Security Administration The United States Social Security Administration (SSA) is an independent agency of the U.S. federal government that administers Social Security, a social insurance program consisting of retirement, disability and survivor benefits. To qualify ...
**$0.8 billion (-0.2%) -
Small Business Administration The United States Small Business Administration (SBA) is an independent agency of the United States government that provides support to entrepreneurs and small businesses. The mission of the Small Business Administration is "to maintain and stre ...
**$0.5 billion (+0.1%) -
General Services Administration The General Services Administration (GSA) is an independent agency of the United States government established in 1949 to help manage and support the basic functioning of federal agencies. GSA supplies products and communications for U.S. gover ...
**$0.2 billion (0.0%) -
Office of Personnel Management An office is a space where an organization's employees perform administrative work in order to support and realize objects and goals of the organization. The word "office" may also denote a position within an organization with specific d ...
**$14.0 billion (0.0%) - Other Agencies **$0.5 billion - Other programs


Deficit


Debt increases


Causes of Change in CBO Forecasts


Renewable energy


References

{{US federal budget
1997 File:1997 Events Collage.png, From left, clockwise: The movie set of ''Titanic'', the highest-grossing movie in history at the time; '' Harry Potter and the Philosopher's Stone'', is published; Comet Hale-Bopp passes by Earth and becomes one of ...
1997 in American politics
United States federal budget The United States budget comprises the spending and revenues of the U.S. federal government. The budget is the financial representation of the priorities of the government, reflecting historical debates and competing economic philosophies. Th ...