2003 United Kingdom budget

2003 (2003) United Kingdom Budget
Parliament	53rd
Party	Labour
Chancellor	Gordon Brown
Total revenue	£423 billion‡
Total expenditures	£460 billion‡
Deficit	£37 billion‡
Website	Budget 2003
	‡Numbers are projections. ‹ 2002 2004›

The 2003 United Kingdom Budget, officially known as Opportunity for all: The strength to take the long-term decisions for Britain was the formal government budget for the year 2003.^[1]

Details

Tax Revenue

Receipts	2003-04 Revenues (£bn)
Business rates	19
Corporation Tax	29
Council Tax	18
Excise Duties	38
Income Tax	119
NI	73
VAT	69
Other	58
Total Government revenue	423

Spending

Department	2003-04 Expenditure (£bn)
Debt Interest	22
Defense	27
Education	59
Health	73
Housing & Environment	20
Industry, Agriculture, Employment	17
Law & Order	29
Other	46
Personal Social Services	17
Social Security	135
Transport	16
Total Government spending	461

References

^ "Budget 2003" (PDF). HM Revenue and Customs. Archived from the original (PDF) on 1 July 2007. Retrieved 3 October 2017.

[1] "Budget 2003" (PDF). HM Revenue and Customs. Archived from the original (PDF) on 1 July 2007. Retrieved 3 October 2017.

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