1998 United States federal budget

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.

Main article: United States federal budget
1998 (1998) Budget of the United States federal government
SubmittedFebruary 6, 1997 [1]
Submitted byBill Clinton
Submitted to105th Congress
Total revenue$1.57 trillion (requested)[2]
$1.72 trillion (actual)[3]
19.2% of GDP (actual)[4]
Total expenditures$1.69 trillion (requested)[5]
$1.65 trillion (actual)[6]
18.5% of GDP (actual)[4]
Surplus$69.3 billion (actual)[6]
0.8% of GDP (actual)[4]
Debt$5.478 trillion (at fiscal end)
61.2% of GDP[7]
GDP$8.955 trillion[4]
WebsiteGovernment Publishing Office
‹ 1997
1999 ›

Total Receipts

1998 Actual Receipts by Source

  Individual income tax (48.1%)
  Social Security/other payroll tax (33.2%)
  Corporate income tax (11.0%)
  Excise tax (3.4%)
  Estate and gift taxes (1.4%)
  Customs duties (1.0%)
  Other miscellaneous receipts (1.9%)

(in billions of dollars)

Source Requested[2] Actual[3]
Individual income tax 691 829
Corporate income tax 190 189
Social Security and other payroll tax 558 572
Excise tax 61 58
Estate and gift taxes 19 24
Customs duties 18 18
Other miscellaneous receipts 30 33
Total 1,567 1,722

Total Outlays

Outlays by budget function (in millions)

Function Title Actual
050National Defense$268,194
150International Affairs$13,054
250General Science, Space and Technology$18,172
270Energy$1,270
300Natural Resources and Environment$22,278
350Agriculture$12,077
370Commerce and Housing Credit$1,007
400Transportation$40,343
450Community and Regional Development$9,771
500Education, Training, Employment and Social Services$50,512
550Health$131,425
570Medicare$192,822
600Income Security$237,750
650Social Security$379,215
700Veterans Benefits and Services$41,741
750Administration of Justice$23,359
800General Government$15,544
900Net Interest$241,118
920Allowances$-
950Undistributed Offsetting Receipts$-47,194
Total$1,652,458
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References
  1. "About Budget of the United States Government". Government Publishing Office. Retrieved March 20, 2015.
  2. "1998 Public Budget Database". Fiscal Year 1998 Public Budget Database. United States Office of Management and Budget. Receipts: Public Budget Database. Retrieved March 15, 2015.
  3. "2000 Public Budget Database". Fiscal Year 2000 Public Budget Database. United States Office of Management and Budget. Receipts: Public Budget Database. Retrieved March 15, 2015.
  4. "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. Budget of the United States Government, Fiscal Year 1998
  6. "Fiscal Year 2016 Budget Historical Tables (Table 1.1)" (PDF). United States Office of Management and Budget. Retrieved October 8, 2015.
  7. "Fiscal Year 2016 Budget Historical Tables" (PDF). Office of Management and Budget. Archived from the original (PDF) on 2015-10-21. Retrieved October 28, 2015.
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