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Parliament | 53rd |
---|---|
Party | Labour |
Chancellor | Gordon Brown |
Total revenue | £451 billion‡ |
Total expenditures | £485 billion‡ |
Deficit | £34 billion‡ |
Website | Budget 2004 |
‡Numbers are projections. ‹ 2003 2005 › |
The 2004 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 2004. [1]
Receipts | 2004-05 Revenues (£bn) |
---|---|
Business rates | 19 |
Corporation Tax | 33 |
Council Tax | 20 |
Excise Duties | 40 |
Income Tax | 127 |
NI | 78 |
VAT | 74 |
Other | 61 |
Total Government revenue | 452 |
Department | 2004-05 Expenditure (£bn) |
---|---|
Debt Interest | 24 |
Defense | 27 |
Education | 64 |
Health | 82 |
Housing & Environment | 16 |
Industry, Agriculture, Employment | 19 |
Law & Order | 29 |
Other | 44 |
Personal Social Services | 22 |
Social Security | 140 |
Transport | 18 |
Total Government spending | 485 |
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