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

[edit]

### Tax Revenue

[edit]

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

[edit]

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

[edit]

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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