2003 United States federal 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.

Main article: United States federal budget
2003 (2003) Budget of the United States federal government
SubmittedFebruary 4, 2002[1]
Submitted byGeorge W. Bush
Submitted to107th Congress
Total revenue$2.05 trillion (requested)[2]
$1.78 trillion (actual)[3]
15.7% of GDP (actual)[4]
Total expenditures$2.13 trillion (requested)[2]
$2.16 trillion (actual)[3]
19.1% of GDP (actual)[4]
Deficit$80 billion (requested)[2]
$375.3 billion (actual)[3]
3.3% of GDP (actual)[4]
Debt$6.76 trillion (at fiscal end)
59.7% of GDP[5]
GDP$11.33 trillion[4]
WebsiteOffice of Management and Budget
‹ 2002
2004 ›

Total Receipts

2003 Actual Receipts by Source

  Individual income tax (44.6%)
  Social Security/other payroll tax (40.0%)
  Corporate income tax (7.4%)
  Excise tax (3.8%)
  Estate and gift taxes (1.2%)
  Customs duties (1.1%)
  Other miscellaneous receipts (2.0%)

Receipts by source: (in billions of dollars)

Source Requested[6] Actual[7]
Individual income tax 1,006 794
Corporate income tax 205 132
Social Security and other payroll tax 749 713
Excise tax 69 68
Estate and gift taxes 23 22
Customs duties 20 20
Other miscellaneous receipts -25 35
Total 2,048 1,782

Total Outlays

Outlays by budget function (in millions)

Function Title Actual
050National Defense$404,733
150International Affairs$21,199
250General Science, Space and Technology$20,831
270Energy$-725
300Natural Resources and Environment$29,667
350Agriculture$22,496
370Commerce and Housing Credit$727
400Transportation$67,069
450Community and Regional Development$18,850
500Education, Training, Employment and Social Services$82,587
550Health$219,541
570Medicare$249,433
600Income Security$334,632
650Social Security$474,680
700Veterans Benefits and Services$56,984
750Administration of Justice$35,340
800General Government$23,164
900Net Interest$153,073
920Allowances$-
950Undistributed Offsetting Receipts$-54,382
Total$2,159,899
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References
  1. "About Budget of the United States Government". Government Publishing Office. Retrieved March 20, 2015.
  2. "The Budget for Fiscal Year 2005" (PDF). 2003 Budget Summary Tables. Government Publishing Office. Retrieved October 8, 2015.
  3. "The Budget for Fiscal Year 2003" (PDF). 2005 Historical Tables. Government Publishing Office. Retrieved October 8, 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. "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.
  6. "2003 Public Budget Database". Fiscal Year 2003 Public Budget Database. United States Office of Management and Budget. Receipts: Public Budget Database. Retrieved March 15, 2015.
  7. "2005 Public Budget Database". Fiscal Year 2005 Public Budget Database. United States Office of Management and Budget. Receipts: Public Budget Database. Archived from the original on April 2, 2015. Retrieved March 15, 2015.
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