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Sunday, February 13, 2005; Page B05

President Bush's proposed budget for fiscal year 2006 is 38 percent larger than the budget the year he took office and 3.6 percent larger than the estimated expenditures for the current year.

Including $60 billion for military costs widely expected for Iraq and Afghanistan, Bush's proposed budget for FY2006 would be nearly 6 percent larger than the current year. (Figures are not adjusted for inflation.)



Outlook
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Proposed defense spending for fiscal year 2006 is 41 percent higher than the amount spent in 2001. (Figures are not adjusted for inflation, but also do not include FY2006 military costs for Iraq and Afghanistan.)

Federal tax revenue as a percent of GDP in 2000: 20.9

Federal tax revenue as a percent of GDP in 2004: 16.3 (lowest level since 1959)

Federal spending as a percentage of GDP in 2000: 18.4

Federal spending as a percentage of GDP in 2005: 20.3 (estimate, highest since 1996)

Percentage of total federal tax revenues that now comes from social insurance receipts: 39

-- Steven Mufson, Outlook staff


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