2003 United States federal budget

2003 Budget of the United States federal government

Submitted	February 4, 2002[1]
Submitted by	George W. Bush
Submitted to	107th 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]
Website	Office of Management and Budget
‹ 2002 2004 ›

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

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
050	National Defense	$404,733
150	International Affairs	$21,199
250	General Science, Space and Technology	$20,831
270	Energy	$-725
300	Natural Resources and Environment	$29,667
350	Agriculture	$22,496
370	Commerce and Housing Credit	$727
400	Transportation	$67,069
450	Community and Regional Development	$18,850
500	Education, Training, Employment and Social Services	$82,587
550	Health	$219,541
570	Medicare	$249,433
600	Income Security	$334,632
650	Social Security	$474,680
700	Veterans Benefits and Services	$56,984
750	Administration of Justice	$35,340
800	General Government	$23,164
900	Net Interest	$153,073
920	Allowances	$-
950	Undistributed Offsetting Receipts	$-54,382
	Total	$2,159,899

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. 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. Retrieved March 15, 2015.