2003 United States federal budget

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2003 (2003) Budget of the United States federal government
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]

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2003 Actual Receipts by Source

  Social Security/other payroll tax (40.0%)
  Excise tax (3.8%)
  Estate and gift taxes (1.2%)
  Customs duties (1.1%)
  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]

  1. ^ "About Budget of the United States Government". Government Publishing Office. Retrieved March 20, 2015. 
  2. ^ a b c "The Budget for Fiscal Year 2005" (PDF). 2003 Budget Summary Tables. Government Publishing Office. Retrieved October 8, 2015. 
  3. ^ a b c "The Budget for Fiscal Year 2003" (PDF). 2005 Historical Tables. Government Publishing Office. Retrieved October 8, 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. ^ "Fiscal Year 2016 Budget Historical Tables" (PDF). Office of Management and Budget. Retrieved October 28, 2015. 
  6. ^ "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. 
  7. ^ "2005 Public Budget Database". Fiscal Year 2005 Public Budget Database. United States Office of Management and Budget. Receipts: Public Budget Database. Retrieved March 15, 2015. 

External links[edit]