2003 United Kingdom budget

Last updated

2003 (2003) United Kingdom Budget
Royal Coat of Arms of the United Kingdom (HM Government).svg
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]

Contents

Details

Tax Revenue

Receipts2003-04 Revenues (£bn)
Business rates19
Corporation Tax29
Council Tax18
Excise Duties38
Income Tax119
NI73
VAT69
Other58
Total Government revenue423

Spending

Department2003-04 Expenditure (£bn)
Debt Interest22
Defense27
Education59
Health73
Housing & Environment20
Industry, Agriculture, Employment17
Law & Order29
Other46
Personal Social Services17
Social Security135
Transport16
Total Government spending461

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References

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