1998 United States federal budget

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1998 (1998) Budget of the United States federal government
Submitted February 6, 1997 [1]
Submitted by Bill Clinton
Submitted to 105th Congress
Total revenue $1.57 trillion (requested)[2]
$1.72 trillion (actual)[3]
19.2% of GDP (actual)[4]
Total expenditures $1.69 trillion (requested)[5]
$1.65 trillion (actual)[6]
18.5% of GDP (actual)[4]
Surplus $69.3 billion (actual)[6]
0.8% of GDP (actual)[4]
Debt $5.478 trillion (at fiscal end)
61.2% of GDP[7]
GDP $8.955 trillion[4]
Website Government Publishing Office
1997
1999

The United States Federal Budget for Fiscal Year 1998, was a spending request by President Bill Clinton to fund government operations for October 1997 – September 1998. Figures shown in the spending request do not reflect the actual appropriations for Fiscal Year 1998, which must be authorized by Congress.

Total Receipts[edit]

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1998 Actual Receipts by Source

  Social Security/other payroll tax (33.2%)
  Excise tax (3.4%)
  Estate and gift taxes (1.4%)
  Customs duties (1.0%)
  Other miscellaneous receipts (1.9%)

(in billions of dollars)

Source Requested[2] Actual[3]
Individual income tax 691 829
Corporate income tax 190 189
Social Security and other payroll tax 558 572
Excise tax 61 58
Estate and gift taxes 19 24
Customs duties 18 18
Other miscellaneous receipts 30 33
Total 1,567 1,722

Total Outlays[edit]

Outlays by budget function (in millions)

Function Title Actual
050 National Defense $268,194
150 International Affairs $13,054
250 General Science, Space and Technology $18,172
270 Energy $1,270
300 Natural Resources and Environment $22,278
350 Agriculture $12,077
370 Commerce and Housing Credit $1,007
400 Transportation $40,343
450 Community and Regional Development $9,771
500 Education, Training, Employment and Social Services $50,512
550 Health $131,425
570 Medicare $192,822
600 Income Security $237,750
650 Social Security $379,215
700 Veterans Benefits and Services $41,741
750 Administration of Justice $23,359
800 General Government $15,544
900 Net Interest $241,118
920 Allowances $-
950 Undistributed Offsetting Receipts $-47,194
Total $1,652,458

References[edit]

  1. ^ "About Budget of the United States Government". Government Publishing Office. Retrieved March 20, 2015. 
  2. ^ a b "1998 Public Budget Database". Fiscal Year 1998 Public Budget Database. United States Office of Management and Budget. Receipts: Public Budget Database. Retrieved March 15, 2015. 
  3. ^ a b "2000 Public Budget Database". Fiscal Year 2000 Public Budget Database. United States Office of Management and Budget. Receipts: Public Budget Database. Retrieved March 15, 2015. 
  4. ^ 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. 
  5. ^ Budget of the United States Government, Fiscal Year 1998
  6. ^ a b "Fiscal Year 2016 Budget Historical Tables (Table 1.1)" (PDF). United States Office of Management and Budget. Retrieved October 8, 2015. 
  7. ^ "Fiscal Year 2016 Budget Historical Tables" (PDF). Office of Management and Budget. Retrieved October 28, 2015. 

External links[edit]