1999 United States federal budget
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| Submitted | February 2, 1998 [1] |
|---|---|
| Submitted by | Bill Clinton |
| Submitted to | 105th Congress |
| Total revenue | $1.74 trillion (requested)[2] $1.83 trillion (actual)[3] 19.2% of GDP (actual)[4] |
| Total expenditures | $1.73 trillion (requested)[5] $1.7 trillion (actual)[6] 17.9% of GDP (actual)[4] |
| Surplus | $126 billion (actual)[6] 1.3% of GDP (actual)[4] |
| Debt | $5.606 trillion (at fiscal end) 58.9% of GDP[7] |
| GDP | $9.51 trillion[4] |
| Website | Office of Management and Budget |
|
‹ 1998 2000› | |
The Budget of the United States Government Fiscal Year 1999[8] (FY99) was a spending request by President Bill Clinton to fund government operations for October 1998–September 1999. It was the first balanced Federal budget in 30 years.[9] In FY99, revenues were 1.82 trillion dollars. Spending was 1.70 trillion dollars, the surplus was $124 billion, and the GDP was 9.2 trillion.
Total Receipts
1999 Actual Receipts by Source
Individual income tax (48.1%)
Corporate income tax (10.1%)
Excise tax (3.8%)
Other miscellaneous receipts (1.9%)
(in billions of dollars)
| Source | Requested[2] | Actual[3] |
|---|---|---|
| Individual income tax | 791 | 879 |
| Corporate income tax | 198 | 185 |
| Social Security and other payroll tax | 596 | 612 |
| Excise tax | 72 | 70 |
| Estate and gift taxes | 21 | 28 |
| Customs duties | 18 | 18 |
| Other miscellaneous receipts | 47 | 35 |
| Total | 1,743 | 1,827 |
Total Outlays
Outlays by budget function (in millions)
| Function | Title | Actual |
|---|---|---|
| 050 | National Defense | $274,769 |
| 150 | International Affairs | $15,239 |
| 250 | General Science, Space and Technology | $18,084 |
| 270 | Energy | $911 |
| 300 | Natural Resources and Environment | $23,943 |
| 350 | Agriculture | $22,879 |
| 370 | Commerce and Housing Credit | $2,641 |
| 400 | Transportation | $42,532 |
| 450 | Community and Regional Development | $11,865 |
| 500 | Education, Training, Employment and Social Services | $50,605 |
| 550 | Health | $141,048 |
| 570 | Medicare | $190,447 |
| 600 | Income Security | $242,478 |
| 650 | Social Security | $390,037 |
| 700 | Veterans Benefits and Services | $43,155 |
| 750 | Administration of Justice | $26,536 |
| 800 | General Government | $15,363 |
| 900 | Net Interest | $229,755 |
| 920 | Allowances | $- |
| 950 | Undistributed Offsetting Receipts | $−40,445 |
| Total | $1,701,842 |
References
- ^ "About Budget of the United States Government". Government Publishing Office. Retrieved March 20, 2015.
- ^ a b "1999 Public Budget Database". Fiscal Year 1999 Public Budget Database. United States Office of Management and Budget. Receipts: Public Budget Database. Retrieved March 15, 2015.
- ^ a b "2001 Public Budget Database". Fiscal Year 2001 Public Budget Database. United States Office of Management and Budget. Receipts: Public Budget Database. Retrieved March 15, 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.
- ^ Budget of the United States Government, Fiscal Year 2001
- ^ a b "Fiscal Year 2016 Budget Historical Tables (Table 1.1)" (PDF). United States Office of Management and Budget. Retrieved October 8, 2015.
- ^ "Fiscal Year 2016 Budget Historical Tables" (PDF). Office of Management and Budget. Retrieved October 28, 2015.
- ^ Clinton, William J. (February 2, 1998), Budget of the United States Government, Fiscal Year 1999 (PDF)
- ^ Clinton, William J. (February 2, 1998), Budget of the United States Government, Fiscal Year 1999 (PDF)