2002 United States federal budget

Last updated

2002 (2002) Budget of the United States federal government
SubmittedApril 9, 2001 [1]
Submitted by George W. Bush
Submitted to 107th Congress
Total revenue$2.19 trillion (requested) [2]
$1.853 trillion (actual) [3]
17.0% of GDP (actual) [4]
Total expenditures$1.96 trillion (requested)
$2.01 trillion (actual) [5]
18.5% of GDP (actual) [4]
Deficit $157.8 billion (actual) [5]
1.5% of GDP (actual) [4]
Debt$6.198 trillion (at fiscal end)
57.0% of GDP [6]
GDP $10.877 trillion [4]
Website Office of Management and Budget
‹  2001
2003  ›

The United States Federal Budget for Fiscal Year 2002, was a spending request by President George W. Bush to fund government operations for October 2001-September 2002. Figures shown in the spending request do not reflect the actual appropriations for Fiscal Year 2002, which must be authorized by Congress.

Contents

Total Receipts

2002 Actual Receipts by Source

   Individual income tax (46.32%)
   Social Security/other payroll tax (37.81%)
   Corporate income tax (7.99%)
   Excise tax (3.61%)
   Customs duties (1.0%)
   Estate and gift taxes (1.43%)
  Other miscellaneous receipts (1.83%)

(in billions of dollars)

SourceRequested [2] Actual [3]
Individual income tax 1,079858.3
Corporate income tax 219148
Social Security and other payroll tax 726700.7
Excise tax 7467
Estate and gift taxes 2926.5
Customs duties 2318.6
Other miscellaneous receipts4333.9
Total2,1921,853

Total Outlays

Outlays by budget function (in millions)

FunctionTitleActual
050National Defense$348,456
150International Affairs$22,315
250General Science, Space and Technology$20,734
270Energy$475
300Natural Resources and Environment$29,426
350Agriculture$21,965
370Commerce and Housing Credit$−407
400Transportation$61,833
450Community and Regional Development$12,981
500Education, Training, Employment and Social Services$70,566
550Health$196,497
570Medicare$230,855
600Income Security$312,720
650Social Security$455,980
700Veterans Benefits and Services$50,929
750Administration of Justice$35,061
800General Government$16,951
900Net Interest$170,949
920Allowances$-
950Undistributed Offsetting Receipts$−47,392
Total$2,010,894

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References

  1. ↑ "About Budget of the United States Government". Government Publishing Office. Retrieved March 20, 2015.
  2. 1 2 "2002 Public Budget Database". Fiscal Year 2002 Public Budget Database. United States Office of Management and Budget. Receipts: Public Budget Database. Retrieved March 15, 2015.
  3. 1 2 "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.
  4. 1 2 3 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. 1 2 "Fiscal Year 2016 Budget Historical Tables (Table 1.1)" (PDF). United States Office of Management and Budget. Retrieved October 8, 2015.
  6. ↑ "Fiscal Year 2016 Budget Historical Tables" (PDF). Office of Management and Budget. Retrieved October 28, 2015.


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