2004 United States federal budget

Main article: United States federal budget

2004 Budget of the United States federal governmentSubmitted| February 3, 2003[1]

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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›

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.

## Total Receipts

[edit]

2004 Actual Receipts by Source

1. Individual income tax (43%)
2. Social Security/other payroll tax (39%)
3. Corporate income tax (10.1%)
4. Excise tax (3.7%)
5. Estate and gift taxes (1.3%)
6. Customs duties (1.1%)
7. 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

[edit]

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

[edit]

1. ^ "Congressional Record - S1867" (PDF). Government Publishing Office. Retrieved March 20, 2015.
2. ^ a b c "The Budget for Fiscal Year 2004" (PDF). 2004 Budget Summary Tables. Government Publishing Office. Retrieved October 8, 2015.
3. ^ a b c "The Budget for Fiscal Year 2006" (PDF). 2006 Historical Tables. Government Publishing Office. Retrieved October 8, 2015.
4. ^ a b c d "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. ^ "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

[edit]

* Status of Appropriations Legislation for Fiscal Year 2004

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