1998 United States federal budget explained

See main article: United States federal budget.

Budget of the United States federal government
Year:1998
Country:United States
Previous Budget:1997 United States federal budget
Previous Year:1997
Next Budget:1999 United States federal budget
Next Year:1999
Date Submitted:February 6, 1997 [1]
Submitter:Bill Clinton
Submitted To:105th Congress
Total Revenue:$1.57 trillion (requested)
$1.72 trillion (actual)
19.2% of GDP (actual)
Total Expenditures:$1.69 trillion (requested)[2]
$1.65 trillion (actual)[3]
18.5% of GDP (actual)
Surplus:$69.3 billion (actual)
0.8% of GDP (actual)
Debt:$5.478 trillion (at fiscal end)
61.2% of GDP[4]
Gdp:$8.955 trillion[5]
Url:Government Publishing Office

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

(in billions of dollars)

SourceRequested[6] Actual[7]
Individual income tax
Corporate income tax
Social Security and other payroll tax
Excise tax
Estate and gift taxes
Customs duties
Other miscellaneous receipts
Total

Total Outlays

Outlays by budget function(in millions)

FunctionTitledata-sort-type="currency" Actual
050 National Defense $
150 International Affairs $
250 General Science, Space and Technology $
270 Energy $
300 Natural Resources and Environment $
350 Agriculture $
370 Commerce and Housing Credit $
400 Transportation $
450 Community and Regional Development $
500 Education, Training, Employment and Social Services $
550 Health $
570 Medicare $
600 Income Security $
650 Social Security $
700 Veterans Benefits and Services $
750 Administration of Justice $
800 General Government $
900 Net Interest $
920 Allowances $-
950 Undistributed Offsetting Receipts $
Total $

External links

Notes and References

  1. Web site: About Budget of the United States Government. Government Publishing Office. March 20, 2015.
  2. http://www.gpo.gov/fdsys/pkg/BUDGET-1998-BUD/pdf/BUDGET-1998-BUD.pdf Budget of the United States Government, Fiscal Year 1998
  3. Web site: Fiscal Year 2016 Budget Historical Tables (Table 1.1). United States Office of Management and Budget. October 8, 2015.
  4. Web site: Fiscal Year 2016 Budget Historical Tables . Office of Management and Budget . October 28, 2015 .
  5. Web site: Table 1.2—SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS (–) AS PERCENTAGES OF GDP: 1930–2020. Government Publishing Office. October 28, 2015.
  6. Web site: 1998 Public Budget Database. Fiscal Year 1998 Public Budget Database. Receipts: Public Budget Database. United States Office of Management and Budget. March 15, 2015.
  7. Web site: 2000 Public Budget Database. Fiscal Year 2000 Public Budget Database. Receipts: Public Budget Database. United States Office of Management and Budget. March 15, 2015.