2004 United States federal budget

The 2004 United States Federal Budget began as a proposal by President George W. Bush to fund government operations for October 1, 2003 – September 30, 2004. The requested budget was submitted to the 108th Congress on February 3, 2003.

Main article: United States federal budget

2004 (2004) Budget of the United States federal government

Submitted	February 3, 2003 [1]
Submitted by	George W. Bush
Submitted to	108th Congress
Total revenue	$1.92 trillion (requested)[2] $1.88 trillion (actual)[3] 15.6% of GDP (actual)[4]
Total expenditures	$2.23 trillion (requested)[2] $2.292 trillion (actual)[3] 19.0% of GDP (actual)[4]
Deficit	$307 billion (requested)[2] $412 billion (actual)[3] 3.4% of GDP (actual)[4]
Debt	$7.35 trillion (at fiscal end) 60.8% of GDP[5]
GDP	$12.089 trillion[4]
Website	Government Publishing Office
‹ 2003 2005 ›

Total Receipts

2004 Actual Receipts by Source

  Individual income tax (43.0%)

  Social Security/other payroll tax (39.0%)

  Corporate income tax (10.1%)

  Excise tax (3.7%)

  Estate and gift taxes (1.3%)

  Customs duties (1.1%)

  Other miscellaneous receipts (1.8%)

Receipts by source: (in billions of dollars)

Source	Requested[6]	Actual[7]
Individual income tax	850	809
Corporate income tax	169	189
Social Security and other payroll tax	765	733
Excise tax	71	70
Estate and gift taxes	23	25
Customs duties	21	21
Other miscellaneous receipts	24	33
Total	1,922	1,880

Total Outlays

Outlays by budget function (in millions)

Function	Title	Actual
050	National Defense	$455,813
150	International Affairs	$26,870
250	General Science, Space and Technology	$23,029
270	Energy	$-147
300	Natural Resources and Environment	$30,694
350	Agriculture	$15,439
370	Commerce and Housing Credit	$5,265
400	Transportation	$64,627
450	Community and Regional Development	$15,820
500	Education, Training, Employment and Social Services	$87,974
550	Health	$240,122
570	Medicare	$269,360
600	Income Security	$333,059
650	Social Security	$495,548
700	Veterans Benefits and Services	$59,746
750	Administration of Justice	$45,576
800	General Government	$22,338
900	Net Interest	$160,245
920	Allowances	$ -
950	Undistributed Offsetting Receipts	$-58,537
	Total	$2,292,841

References

1. "Congressional Record - S1867" (PDF). Government Publishing Office. Retrieved March 20, 2015.
2. "The Budget for Fiscal Year 2004" (PDF). 2004 Budget Summary Tables. Government Publishing Office. Retrieved October 8, 2015.
3. "The Budget for Fiscal Year 2006" (PDF). 2006 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. "2004 Public Budget Database". Fiscal Year 2004 Public Budget Database. United States Office of Management and Budget. Receipts: Public Budget Database. Retrieved March 15, 2015.
7. "2006 Public Budget Database". Fiscal Year 2006 Public Budget Database. United States Office of Management and Budget. Receipts: Public Budget Database. Retrieved March 15, 2015.

External links

• Status of Appropriations Legislation for Fiscal Year 2004