2003 United States federal budget
| Submitted | February 4, 2002[1] |
|---|---|
| Submitted by | George W. Bush |
| Submitted to | 107th Congress |
| Total revenue | $2.05 trillion (requested)[2] $1.78 trillion (actual)[3] 15.7% of GDP (actual)[4] |
| Total expenditures | $2.13 trillion (requested)[2] $2.16 trillion (actual)[3] 19.1% of GDP (actual)[4] |
| Deficit | $80 billion (requested)[2] $375.3 billion (actual)[3] 3.3% of GDP (actual)[4] |
| Debt | $6.76 trillion (at fiscal end) 59.7% of GDP[5] |
| GDP | $11.33 trillion[4] |
| Website | Office of Management and Budget |
|
‹ 2002 2004› | |
The 2003 United States Federal Budget began as a proposal by President George W. Bush to fund government operations for October 1, 2002 – September 30, 2003. The requested budget was submitted to the 107th Congress on February 4, 2002.
Total Receipts
[edit]2003 Actual Receipts by Source
Individual income tax (44.6%)
Corporate income tax (7.4%)
Excise tax (3.8%)
Other miscellaneous receipts (2.0%)
Receipts by source: (in billions of dollars)
| Source | Requested[6] | Actual[7] |
|---|---|---|
| Individual income tax | 1,006 | 794 |
| Corporate income tax | 205 | 132 |
| Social Security and other payroll tax | 749 | 713 |
| Excise tax | 69 | 68 |
| Estate and gift taxes | 23 | 22 |
| Customs duties | 20 | 20 |
| Other miscellaneous receipts | −25 | 35 |
| Total | 2,048 | 1,782 |
Total Outlays
[edit]Outlays by budget function (in millions)
| Function | Title | Actual |
|---|---|---|
| 050 | National Defense | $404,733 |
| 150 | International Affairs | $21,199 |
| 250 | General Science, Space and Technology | $20,831 |
| 270 | Energy | $−725 |
| 300 | Natural Resources and Environment | $29,667 |
| 350 | Agriculture | $22,496 |
| 370 | Commerce and Housing Credit | $727 |
| 400 | Transportation | $67,069 |
| 450 | Community and Regional Development | $18,850 |
| 500 | Education, Training, Employment and Social Services | $82,587 |
| 550 | Health | $219,541 |
| 570 | Medicare | $249,433 |
| 600 | Income Security | $334,632 |
| 650 | Social Security | $474,680 |
| 700 | Veterans Benefits and Services | $56,984 |
| 750 | Administration of Justice | $35,340 |
| 800 | General Government | $23,164 |
| 900 | Net Interest | $153,073 |
| 920 | Allowances | $- |
| 950 | Undistributed Offsetting Receipts | $−54,382 |
| Total | $2,159,899 |
References
[edit]- ^ "About Budget of the United States Government". Government Publishing Office. Retrieved March 20, 2015.
- ^ a b c "The Budget for Fiscal Year 2005" (PDF). 2003 Budget Summary Tables. Government Publishing Office. Retrieved October 8, 2015.
- ^ a b c "The Budget for Fiscal Year 2003" (PDF). 2005 Historical Tables. Government Publishing Office. Retrieved October 8, 2015.
- ^ a b c d "Table 1.2—SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS (–) AS PERCENTAGES OF GDP: 1930–2020" (PDF). Government Publishing Office. Retrieved October 28, 2015.
- ^ "Fiscal Year 2016 Budget Historical Tables" (PDF). Office of Management and Budget. Retrieved October 28, 2015.
- ^ "2003 Public Budget Database". Fiscal Year 2003 Public Budget Database. United States Office of Management and Budget. Receipts: Public Budget Database. Retrieved March 15, 2015.
- ^ "2005 Public Budget Database". Fiscal Year 2005 Public Budget Database. United States Office of Management and Budget. Receipts: Public Budget Database. Archived from the original on April 2, 2015. Retrieved March 15, 2015.
External links
[edit]
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