2003 United States federal budget explained

See main article: United States federal budget.

Budget of the United States federal government
Year:2003
Country:United States
Previous Budget:2002 United States federal budget
Previous Year:2002
Next Budget:2004 United States federal budget
Next Year:2004
Date Submitted:February 4, 2002[1]
Submitter:George W. Bush
Submitted To:107th Congress
Total Revenue:$2.05 trillion (requested)
$1.78 trillion (actual)
15.7% of GDP (actual)
Total Expenditures:$2.13 trillion (requested)[2]
$2.16 trillion (actual)[3]
19.1% of GDP (actual)
Deficit:$80 billion (requested)
$375.3 billion (actual)
3.3% of GDP (actual)
Debt:$6.76 trillion (at fiscal end)
59.7% of GDP[4]
Gdp:$11.33 trillion[5]
Url:Office of Management and Budget

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

Receipts by source: (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. Web site: The Budget for Fiscal Year 2005. 2003 Budget Summary Tables. Government Publishing Office. October 8, 2015.
  3. Web site: The Budget for Fiscal Year 2003. 2005 Historical Tables. Government Publishing Office. 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: 2003 Public Budget Database. Fiscal Year 2003 Public Budget Database. Receipts: Public Budget Database. United States Office of Management and Budget. March 15, 2015.
  7. Web site: 2005 Public Budget Database. Fiscal Year 2005 Public Budget Database. Receipts: Public Budget Database. United States Office of Management and Budget. March 15, 2015. https://web.archive.org/web/20150402101903/http://www.gpo.gov/fdsys/pkg/BUDGET-2005-DB/xls/BUDGET-2005-DB-3.xls. April 2, 2015. dead. mdy-all.