Office of Management and Budget
Executive Office of the President
  Site Search     
About OMB  
- Organization Chart
- Contact OMB
President's Budget
- Budget Documents
- Supplementals, Budget Amendments, and Releases
Federal Management
- President's Management Agenda
- Office of Federal Financial
-- Agency Audits
- Office of Federal Procurement
  -- CAS Board
-- FAIR Act Inventory
Office of Information and Regulatory Affairs
- OIRA Administrator
- Regulatory Matters
- Paperwork Requirements
- Statistical Programs & Standards
- Information Policy, IT & E-Gov
Communications & Media
- News Releases
- Speeches
Legislative Information
- Statements of Administration Policy (SAPs)
- Testimony
- Reports to Congress
Information for Agencies
- Circulars
- Memoranda
- Bulletins
- Pivacy Guidance
- Grants Management
- Reports
Site Map
First Gov  
Click images to enlarge  
After surging for more than seven years, revenue growth slowed dramatically in 2001, even before accounting for the 2001 tax relief act. The stock market downturn begun in March 2000 and the recession that started in January 2001 explain most of the decline in revenues.
Steady discretionary spending levels prevailed during the first five years of the past decade. Since 1998, though, the climb in spending has been persistently steep.

The economic downturn stands out as the biggest factor causing the projected surplus to fade away.

Over the last five years, spending growth at most major federal agencies, and by the U.S. government overall, has far exceeded the rise in median household income (depicted by the vertical blue line).

The 48% rate of growth in federal spending over the last six years is almost two times the 25% growth of family income. At certain major departments, growth has run two to three times higher than that of typical family income.