2004 United States federal budget
| Submitted | February 3, 2003[1] |
|---|---|
| Submitted by | George W. Bush |
| Submitted to | 108th Congress |
| Total revenue | $1.92 trillion (requested)[2] $1.88 trillion (actual)[3] 15.6% of GDP (actual)[4] |
| Total expenditures | $2.23 trillion (requested)[2] $2.292 trillion (actual)[3] 19.0% of GDP (actual)[4] |
| Deficit | $307 billion (requested)[2] $412 billion (actual)[3] 3.4% of GDP (actual)[4] |
| Debt | $7.35 trillion (at fiscal end) 60.8% of GDP[5] |
| GDP | $12.089 trillion[4] |
| Website | Government Publishing Office |
|
‹ 2003 2005› | |
The 2004 United States Federal Budget began as a proposal by President George W. Bush to fund government operations for October 1, 2003 – September 30, 2004. The requested budget was submitted to the 108th Congress on February 3, 2003.
Total Receipts
[edit]2004 Actual Receipts by Source
Individual income tax (43.0%)
Corporate income tax (10.1%)
Excise tax (3.7%)
Other miscellaneous receipts (1.8%)
Receipts by source: (in billions of dollars)
| Source | Requested[6] | Actual[7] |
|---|---|---|
| Individual income tax | 850 | 809 |
| Corporate income tax | 169 | 189 |
| Social Security and other payroll tax | 765 | 733 |
| Excise tax | 71 | 70 |
| Estate and gift taxes | 23 | 25 |
| Customs duties | 21 | 21 |
| Other miscellaneous receipts | 24 | 33 |
| Total | 1,922 | 1,880 |
Total Outlays
[edit]Outlays by budget function (in millions)
| Function | Title | Actual |
|---|---|---|
| 050 | National Defense | $455,813 |
| 150 | International Affairs | $26,870 |
| 250 | General Science, Space and Technology | $23,029 |
| 270 | Energy | $−147 |
| 300 | Natural Resources and Environment | $30,694 |
| 350 | Agriculture | $15,439 |
| 370 | Commerce and Housing Credit | $5,265 |
| 400 | Transportation | $64,627 |
| 450 | Community and Regional Development | $15,820 |
| 500 | Education, Training, Employment and Social Services | $87,974 |
| 550 | Health | $240,122 |
| 570 | Medicare | $269,360 |
| 600 | Income Security | $333,059 |
| 650 | Social Security | $495,548 |
| 700 | Veterans Benefits and Services | $59,746 |
| 750 | Administration of Justice | $45,576 |
| 800 | General Government | $22,338 |
| 900 | Net Interest | $160,245 |
| 920 | Allowances | $ - |
| 950 | Undistributed Offsetting Receipts | $−58,537 |
| Total | $2,292,841 |
References
[edit]- ^ "Congressional Record - S1867" (PDF). Government Publishing Office. Retrieved March 20, 2015.
- ^ a b c "The Budget for Fiscal Year 2004" (PDF). 2004 Budget Summary Tables. Government Publishing Office. Retrieved October 8, 2015.
- ^ a b c "The Budget for Fiscal Year 2006" (PDF). 2006 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.
- ^ "2004 Public Budget Database". Fiscal Year 2004 Public Budget Database. United States Office of Management and Budget. Receipts: Public Budget Database. Retrieved March 15, 2015.
- ^ "2006 Public Budget Database". Fiscal Year 2006 Public Budget Database. United States Office of Management and Budget. Receipts: Public Budget Database. Retrieved March 15, 2015.
External links
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