| United Kingdom Budget | |
| Year: | 2003 |
| Country: | United Kingdom |
| Previous Budget: | 2002 United Kingdom budget |
| Previous Year: | 2002 |
| Next Budget: | 2004 United Kingdom budget |
| Next Year: | 2004 |
| Parliament: | 53rd |
| Party: | Labour |
| Chancellor: | Gordon Brown |
| Total Revenue: | £423 billion‡ |
| Total Expenditures: | £460 billion‡ |
| Deficit: | £37 billion‡ |
| Url: | Budget 2003 |
| Below: | ‡Numbers are projections. |
The 2003 United Kingdom Budget, officially known as Opportunity for all: The strength to take the long-term decisions for Britain was the formal government budget for the year 2003.[1]
| Receipts | 2003-04 Revenues (£bn) | |
|---|---|---|
| Business rates | 19 | |
| Corporation Tax | 29 | |
| Council Tax | 18 | |
| Excise Duties | 38 | |
| Income Tax | 119 | |
| NI | 73 | |
| VAT | 69 | |
| Other | 58 | |
| Total Government revenue | 423 |
| Department | 2003-04 Expenditure (£bn) | |
|---|---|---|
| Debt Interest | 22 | |
| Defense | 27 | |
| Education | 59 | |
| Health | 73 | |
| Housing & Environment | 20 | |
| Industry, Agriculture, Employment | 17 | |
| Law & Order | 29 | |
| Other | 46 | |
| Personal Social Services | 17 | |
| Social Security | 135 | |
| Transport | 16 | |
| Total Government spending | 461 |