1998 United States federal budget
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| Submitted | February 6, 1997 [1] |
|---|---|
| Submitted by | Bill Clinton |
| Submitted to | 105th Congress |
| Total revenue | $1.57 trillion (requested)[2] $1.72 trillion (actual)[3] 19.2% of GDP (actual)[4] |
| Total expenditures | $1.69 trillion (requested)[5] $1.65 trillion (actual)[6] 18.5% of GDP (actual)[4] |
| Surplus | $69.3 billion (actual)[6] 0.8% of GDP (actual)[4] |
| Debt | $5.478 trillion (at fiscal end) 61.2% of GDP[7] |
| GDP | $8.955 trillion[4] |
| Website | Government Publishing Office |
|
‹ 1997 1999› | |
The United States Federal Budget for Fiscal Year 1998, was a spending request by President Bill Clinton to fund government operations for October 1997 – September 1998. Figures shown in the spending request do not reflect the actual appropriations for Fiscal Year 1998, which must be authorized by Congress.
1998 Actual Receipts by Source
- Individual income tax (48.1%)
- Social Security/other payroll tax (33.2%)
- Corporate income tax (11%)
- Excise tax (3.4%)
- Estate and gift taxes (1.4%)
- Customs duties (1%)
- Other miscellaneous receipts (1.9%)
(in billions of dollars)
| Source | Requested[2] | Actual[3] |
|---|---|---|
| Individual income tax | 691 | 829 |
| Corporate income tax | 190 | 189 |
| Social Security and other payroll tax | 558 | 572 |
| Excise tax | 61 | 58 |
| Estate and gift taxes | 19 | 24 |
| Customs duties | 18 | 18 |
| Other miscellaneous receipts | 30 | 33 |
| Total | 1,567 | 1,722 |
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